Houlihan Lokey, Inc. $HLI Shares Sold by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. WI reduced its stake in Houlihan Lokey by 37.6%, selling 454,289 shares and now holding 754,941 shares valued at approximately $121.9 million.
• Analyst ratings are mixed, with three firms rating the stock as a "Buy" and two as "Hold"; the average target price is set at $206.40.
• Houlihan Lokey intends to pay a $0.60 quarterly dividend, yielding 1.2%, with the payout ratio currently at 40.40%.

Fiduciary Management Inc. WI lowered its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 754,941 shares of the financial services provider's stock after selling 454,289 shares during the period. Fiduciary Management Inc. WI owned 1.08% of Houlihan Lokey worth $121,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLI. Vanguard Group Inc. lifted its position in Houlihan Lokey by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider's stock valued at $857,017,000 after acquiring an additional 41,030 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in Houlihan Lokey by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock valued at $217,393,000 after acquiring an additional 20,354 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Houlihan Lokey by 10.5% in the fourth quarter. Ameriprise Financial Inc. now owns 772,789 shares of the financial services provider's stock valued at $134,195,000 after acquiring an additional 73,566 shares during the last quarter. GAMMA Investing LLC lifted its position in Houlihan Lokey by 39,574.9% in the first quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock valued at $1,108,500,000 after acquiring an additional 684,645 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Houlihan Lokey by 3.2% in the fourth quarter. Northern Trust Corp now owns 620,324 shares of the financial services provider's stock valued at $107,725,000 after acquiring an additional 19,406 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley restated an "overweight" rating and issued a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Wells Fargo & Company lifted their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and lifted their price objective for the company from $185.00 to $232.00 in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $206.40.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Irwin Gold sold 5,000 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The disclosure for this sale can be found here. 22.83% of the stock is owned by company insiders.

Houlihan Lokey Stock Down 0.4%

Shares of NYSE:HLI opened at $192.10 on Friday. The company has a market cap of $13.51 billion, a P/E ratio of 32.34 and a beta of 0.86. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $198.78. The company has a 50-day moving average price of $187.81 and a 200 day moving average price of $174.07.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.45. The firm had revenue of $605.35 million during the quarter, compared to the consensus estimate of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm's revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share. Analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.60 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Houlihan Lokey's dividend payout ratio (DPR) is presently 40.40%.

Houlihan Lokey Company 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.

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