Alpine Woods Capital Investors LLC Reduces Stock Position in Houlihan Lokey, Inc. $HLI

Alpine Woods Capital Investors LLC lowered its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,748 shares of the financial services provider’s stock after selling 204 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Houlihan Lokey were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC boosted its position in Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock valued at $25,000 after buying an additional 80 shares during the period. First Horizon Advisors Inc. boosted its position in Houlihan Lokey by 17.5% during the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider’s stock valued at $89,000 after buying an additional 82 shares during the period. Callan Family Office LLC boosted its position in Houlihan Lokey by 6.2% during the 1st quarter. Callan Family Office LLC now owns 1,500 shares of the financial services provider’s stock valued at $242,000 after buying an additional 87 shares during the period. Assetmark Inc. boosted its position in Houlihan Lokey by 0.9% during the 1st quarter. Assetmark Inc. now owns 10,653 shares of the financial services provider’s stock valued at $1,720,000 after buying an additional 93 shares during the period. Finally, Securian Asset Management Inc. boosted its position in Houlihan Lokey by 2.5% during the 1st quarter. Securian Asset Management Inc. now owns 4,151 shares of the financial services provider’s stock valued at $670,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $191.69 on Tuesday. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $211.78. The stock has a market cap of $13.48 billion, a P/E ratio of 32.27 and a beta of 0.87. The firm has a 50-day moving average of $198.20 and a 200 day moving average of $182.24.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. The company had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. Houlihan Lokey’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. Research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey’s payout ratio is 40.40%.

Analyst Ratings Changes

Several brokerages have weighed in on HLI. Weiss Ratings reissued a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Houlihan Lokey in a research report on Thursday. They issued a “hold” rating and a $210.00 target price for the company. Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, BMO Capital Markets started coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price for the company. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.43.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Irwin Gold sold 6,811 shares of Houlihan Lokey 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,311 shares of company stock valued at $9,477,040. Insiders own 22.83% of the company’s stock.

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.