Eagle Bay Advisors LLC Lowers Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Eagle Bay Advisors LLC decreased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329 shares of the financial services provider’s stock after selling 162 shares during the period. Eagle Bay Advisors LLC’s holdings in Houlihan Lokey were worth $39,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLI. Anchor Investment Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter worth about $54,000. Principal Securities Inc. acquired a new stake in Houlihan Lokey during the 4th quarter worth approximately $82,000. GAMMA Investing LLC acquired a new position in shares of Houlihan Lokey in the fourth quarter worth $85,000. Headlands Technologies LLC acquired a new stake in shares of Houlihan Lokey in the third quarter valued at $87,000. Finally, Planned Solutions Inc. purchased a new position in Houlihan Lokey in the fourth quarter valued at $87,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Stock Down 0.1 %

Houlihan Lokey stock traded down $0.19 during mid-day trading on Thursday, hitting $135.94. The company had a trading volume of 189,902 shares, compared to its average volume of 338,994. Houlihan Lokey, Inc. has a 1 year low of $86.20 and a 1 year high of $137.92. The business has a fifty day moving average of $127.97 and a 200 day moving average of $120.85. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 33.12 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The firm had revenue of $520.46 million for the quarter, compared to analyst estimates of $508.99 million. During the same period last year, the business earned $1.11 EPS. Houlihan Lokey’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.72 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd will be issued a $0.57 dividend. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, June 3rd. Houlihan Lokey’s dividend payout ratio is presently 53.53%.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a research report on Monday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. Finally, UBS Group dropped their target price on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.