Quantbot Technologies LP Sells 9,420 Shares of Houlihan Lokey, Inc. $HLI

Quantbot Technologies LP decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 76.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,921 shares of the financial services provider’s stock after selling 9,420 shares during the period. Quantbot Technologies LP’s holdings in Houlihan Lokey were worth $600,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings in Houlihan Lokey by 64.4% in the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Houlihan Lokey during the 2nd quarter worth about $39,000. Cornerstone Planning Group LLC increased its stake in shares of Houlihan Lokey by 179.2% in the 3rd quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 129 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Houlihan Lokey by 136.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 308 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 3.8%

Houlihan Lokey stock opened at $151.32 on Monday. The company has a fifty day simple moving average of $173.75 and a 200 day simple moving average of $183.91. The company has a market cap of $10.56 billion, a P/E ratio of 23.24 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 earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.During the same quarter last year, the firm earned $1.64 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, March 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is 36.87%.

Insider Transactions at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total transaction of $854,300.00. Following the transaction, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. The trade was a 15.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The SEC filing for this sale provides additional information. Company insiders own 22.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. BMO Capital Markets upped their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods dropped their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley lowered their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $196.00 price target on shares of Houlihan Lokey in a research report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.17.

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.