SG Americas Securities LLC Sells 28,091 Shares of Houlihan Lokey, Inc. $HLI

SG Americas Securities LLC decreased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 87.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,860 shares of the financial services provider’s stock after selling 28,091 shares during the period. SG Americas Securities LLC’s holdings in Houlihan Lokey were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of HLI. Trust Co. of Toledo NA OH bought a new stake in shares of Houlihan Lokey during the 2nd quarter valued at approximately $34,000. Strategic Wealth Investment Group LLC acquired a new stake in Houlihan Lokey in the second quarter valued at approximately $39,000. MAI Capital Management boosted its position in Houlihan Lokey by 268.0% in the second quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock valued at $66,000 after buying an additional 268 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Houlihan Lokey by 16.5% during the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock worth $96,000 after buying an additional 66 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Houlihan Lokey during the third quarter worth $128,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HLI has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on Houlihan Lokey from $228.00 to $218.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Weiss Ratings downgraded Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft began coverage on Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Finally, BMO Capital Markets assumed coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.29.

Houlihan Lokey Trading Down 0.2%

NYSE HLI opened at $189.60 on Wednesday. The company has a fifty day simple moving average of $178.65 and a 200 day simple moving average of $189.21. The company has a market cap of $13.29 billion, a P/E ratio of 30.58 and a beta of 0.95. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78.

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

Houlihan Lokey Announces Dividend

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

About Houlihan Lokey

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.