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Houlihan Lokey, Inc. (NYSE:HLI) Stake Decreased by Franklin Parlapiano Turner & Welch LLC

Houlihan Lokey logo with Finance background

Franklin Parlapiano Turner & Welch LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,574 shares of the financial services provider's stock after selling 2,336 shares during the period. Houlihan Lokey accounts for 2.5% of Franklin Parlapiano Turner & Welch LLC's investment portfolio, making the stock its 10th largest holding. Franklin Parlapiano Turner & Welch LLC owned 0.08% of Houlihan Lokey worth $9,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nicolet Advisory Services LLC lifted its holdings in shares of Houlihan Lokey by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock worth $258,000 after purchasing an additional 70 shares during the period. Mariner LLC lifted its stake in shares of Houlihan Lokey by 0.7% in the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after acquiring an additional 81 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Houlihan Lokey by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider's stock valued at $284,000 after acquiring an additional 88 shares in the last quarter. M&T Bank Corp increased its stake in shares of Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock worth $655,000 after acquiring an additional 92 shares during the period. Finally, State of Michigan Retirement System raised its holdings in Houlihan Lokey by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock worth $2,205,000 after purchasing an additional 100 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HLI shares. Wall Street Zen downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Wells Fargo & Company boosted their price target on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Keefe, Bruyette & Woods upped their price target on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus target price of $192.20.

Get Our Latest Stock Analysis on HLI

Houlihan Lokey Stock Up 1.1%

Shares of HLI traded up $2.04 during mid-day trading on Thursday, reaching $185.51. 265,347 shares of the company's stock were exchanged, compared to its average volume of 356,055. Houlihan Lokey, Inc. has a 52-week low of $133.48 and a 52-week high of $192.10. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 31.87 and a beta of 0.83. The company has a 50-day simple moving average of $173.57 and a two-hundred day simple moving average of $170.25.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The firm had revenue of $666.42 million for the quarter, compared to analysts' expectations of $628.25 million. During the same quarter in the prior year, the firm earned $1.27 EPS. Houlihan Lokey's quarterly revenue was up 28.0% on a year-over-year basis. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were paid a $0.60 dividend. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 2nd. This represents a $2.40 annualized dividend and a yield of 1.29%. Houlihan Lokey's payout ratio is presently 41.24%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total value of $86,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Irwin Gold sold 5,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,508 shares of company stock worth $2,431,670. Corporate insiders own 23.68% of the company's stock.

About Houlihan Lokey

(Free Report)

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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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