Janus Henderson Group PLC Has $4.76 Million Stake in Houlihan Lokey, Inc. $HLI

Janus Henderson Group PLC reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 79.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,186 shares of the financial services provider’s stock after selling 128,982 shares during the quarter. Janus Henderson Group PLC’s holdings in Houlihan Lokey were worth $4,765,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Houlihan Lokey by 362.1% during the fourth quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock worth $296,706,000 after purchasing an additional 1,334,769 shares during the period. Bank of Montreal Can raised its position in shares of Houlihan Lokey by 2,723.2% in the fourth quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after purchasing an additional 1,156,973 shares during the period. Norges Bank acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth about $115,478,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Houlihan Lokey during the 1st quarter worth about $35,728,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Houlihan Lokey by 153.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 274,387 shares of the financial services provider’s stock worth $49,376,000 after buying an additional 166,285 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

NYSE HLI opened at $127.70 on Friday. The business has a fifty day moving average price of $137.69 and a two-hundred day moving average price of $150.28. The stock has a market capitalization of $8.82 billion, a PE ratio of 21.46, a PEG ratio of 1.43 and a beta of 0.95. Houlihan Lokey, Inc. has a fifty-two week low of $112.83 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $602.38 million. During the same period last year, the firm posted $2.14 EPS. Houlihan Lokey’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 7.13 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.2%. Houlihan Lokey’s dividend payout ratio is 47.06%.

Analyst Ratings Changes

Several research firms recently weighed in on HLI. UBS Group dropped their price target on Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Bank of America initiated coverage on shares of Houlihan Lokey in a research report on Friday, July 10th. They issued a “buy” rating and a $164.00 target price for the company. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.38.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the sale, the chairman directly owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 22.53% of the company’s stock.

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.