Ancora Advisors LLC Has $28.75 Million Position in Houlihan Lokey, Inc. $HLI

Key Points

• Ancora Advisors reduced its Houlihan Lokey stake by 4% in the second quarter, selling 9,011 shares but retaining 214,346 shares worth approximately $28.75 million. Institutional investors collectively own 78.07% of HLI.
• Analysts have a mixed outlook, with the stock carrying a consensus rating of “Hold” and an average price target of $166.38. Several firms recently lowered their targets, though Bank of America and Goldman Sachs maintained Buy ratings.
• Houlihan Lokey missed quarterly expectations, reporting $1.35 in EPS and $511 million in revenue versus estimates of $1.64 and $602.38 million, respectively. The company declared a quarterly dividend of $0.70, equivalent to a 2.1% annualized yield.

Ancora Advisors LLC lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 214,346 shares of the financial services provider's stock after selling 9,011 shares during the period. Ancora Advisors LLC owned 0.31% of Houlihan Lokey worth $28,750,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HLI. Core Wealth Advisors LLC acquired a new position in Houlihan Lokey in the fourth quarter valued at about $32,000. Eurizon Capital SGR S.p.A. bought a new position in Houlihan Lokey during the fourth quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Houlihan Lokey by 103.4% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider's stock worth $34,000 after buying an additional 120 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $39,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Houlihan Lokey by 177.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HLI. BMO Capital Markets reduced their price objective on shares of Houlihan Lokey from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. The Goldman Sachs Group reduced their price target on shares of Houlihan Lokey from $171.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Bank of America assumed coverage on shares of Houlihan Lokey in a report on Friday, July 10th. They issued a "buy" rating and a $164.00 price target for the company. US Capital Advisors set a $187.00 price objective on shares of Houlihan Lokey in a research report on Thursday, July 9th. Finally, UBS Group dropped their price objective on Houlihan Lokey from $161.00 to $147.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $166.38.

Houlihan Lokey Stock Performance

NYSE HLI opened at $133.44 on Tuesday. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.53 and a beta of 0.95. The business has a 50 day simple moving average of $133.92 and a 200 day simple moving average of $144.45. Houlihan Lokey, Inc. has a 52-week low of $112.83 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.64 by ($0.29). Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The company had revenue of $511.00 million during the quarter, compared to the consensus estimate of $602.38 million. During the same period in the previous year, the firm posted $2.14 EPS. The business's quarterly revenue was down 15.6% compared to the same quarter last year. On average, analysts predict that Houlihan Lokey, Inc. will post 6.93 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid 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 yield of 2.1%. Houlihan Lokey's dividend payout ratio is presently 47.06%.

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.

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