Integrated Investment Consultants LLC Sells 4,734 Shares of Houlihan Lokey, Inc. $HLI

Integrated Investment Consultants LLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 52.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,314 shares of the financial services provider’s stock after selling 4,734 shares during the period. Integrated Investment Consultants LLC’s holdings in Houlihan Lokey were worth $776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in HLI. Vanguard Group Inc. boosted its position in shares of Houlihan Lokey by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider’s stock worth $857,017,000 after purchasing an additional 41,030 shares in the last quarter. Deutsche Bank AG grew its stake in Houlihan Lokey by 33.2% during the 1st quarter. Deutsche Bank AG now owns 9,606 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 2,394 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Houlihan Lokey in the first quarter valued at about $321,000. Aigen Investment Management LP raised its stake in shares of Houlihan Lokey by 22.1% in the first quarter. Aigen Investment Management LP now owns 3,643 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 660 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Houlihan Lokey during the first quarter worth about $23,478,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $177.49 on Wednesday. The firm has a 50 day simple moving average of $185.27 and a 200-day simple moving average of $188.47. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 28.63 and a beta of 0.95. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The firm had revenue of $659.45 million for the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.46 earnings per share. Equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, December 1st. Houlihan Lokey’s payout ratio is currently 38.71%.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday. Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research report on Monday, October 13th. Finally, BMO Capital Markets began coverage on Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Houlihan Lokey has an average rating of “Moderate Buy” and an average target price of $212.43.

About Houlihan Lokey

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.