Harbor Capital Advisors Inc. Reduces Stock Position in Houlihan Lokey, Inc. $HLI

Harbor Capital Advisors Inc. lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 68.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,587 shares of the financial services provider’s stock after selling 16,368 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Houlihan Lokey were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. OMERS ADMINISTRATION Corp lifted its stake in shares of Houlihan Lokey by 164.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 13,200 shares of the financial services provider’s stock valued at $2,132,000 after purchasing an additional 8,200 shares during the period. Trexquant Investment LP purchased a new position in Houlihan Lokey in the first quarter worth about $7,910,000. Canada Pension Plan Investment Board bought a new position in Houlihan Lokey in the 1st quarter valued at approximately $2,374,000. Magnetar Financial LLC boosted its position in shares of Houlihan Lokey by 7.6% during the first quarter. Magnetar Financial LLC now owns 18,292 shares of the financial services provider’s stock valued at $2,954,000 after buying an additional 1,285 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Houlihan Lokey by 21.8% during the first quarter. Vident Advisory LLC now owns 2,767 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 496 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on Houlihan Lokey from $230.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Zacks Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday. UBS Group started coverage on Houlihan Lokey in a research note on Thursday, December 11th. They issued a “neutral” rating and a $193.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Houlihan Lokey in a research report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $207.43.

Houlihan Lokey Stock Performance

HLI stock opened at $178.49 on Friday. The firm has a fifty day moving average price of $181.10 and a 200 day moving average price of $188.54. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The firm has a market cap of $12.51 billion, a PE ratio of 28.79 and a beta of 0.95.

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 the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The business had revenue of $659.45 million during the quarter, compared to analyst estimates of $639.08 million. During the same quarter last year, the business earned $1.46 earnings per share. Houlihan Lokey’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.60 dividend. The ex-dividend date was Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.