Linden Thomas Advisory Services LLC Has $1.58 Million Stock Position in Houlihan Lokey, Inc. $HLI

Key Points

• Linden Thomas Advisory Services LLC reduced its stake in Houlihan Lokey, Inc. by 14%, now holding 8,771 shares valued at $1.58 million.
• Insider activity includes Chairman Irwin Gold selling 6,811 shares for approximately $1.38 million, while Chairman Paul Eric Siegert sold 40,000 shares for about $8 million.
• Houlihan Lokey announced a quarterly dividend of $0.60, resulting in an annualized payout of $2.40 and a yield of 1.2% as reported on September 15th.

Linden Thomas Advisory Services LLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,771 shares of the financial services provider's stock after selling 1,425 shares during the quarter. Linden Thomas Advisory Services LLC's holdings in Houlihan Lokey were worth $1,578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 worth $857,017,000 after purchasing an additional 41,030 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Houlihan Lokey by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider's stock worth $67,143,000 after buying an additional 22,553 shares during the period. Natixis Advisors LLC grew its position in shares of Houlihan Lokey by 3.0% during the 1st quarter. Natixis Advisors LLC now owns 402,763 shares of the financial services provider's stock worth $65,046,000 after buying an additional 11,709 shares during the period. Jennison Associates LLC grew its position in shares of Houlihan Lokey by 12.1% during the 1st quarter. Jennison Associates LLC now owns 344,604 shares of the financial services provider's stock worth $55,654,000 after buying an additional 37,300 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Houlihan Lokey during the 1st quarter worth about $46,236,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,311 shares of company stock worth $9,477,040. Company insiders own 22.83% of the company's stock.

Houlihan Lokey Stock Up 1.3%

Shares of Houlihan Lokey stock opened at $199.49 on Friday. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The stock has a market cap of $14.03 billion, a P/E ratio of 33.58 and a beta of 0.87. The business's 50 day moving average is $198.49 and its 200-day moving average is $184.62.

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

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio is 40.40%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HLI shares. Wells Fargo & Company boosted their target price on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. BMO Capital Markets initiated coverage on Houlihan Lokey in a research report on Friday, October 3rd. They issued an "outperform" rating and a $230.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Houlihan Lokey in a research report on Thursday, October 9th. They issued a "hold" rating and a $210.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Houlihan Lokey from $192.00 to $213.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned 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 price target of $212.43.

About Houlihan Lokey

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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