Sendero Wealth Management LLC Sells 1,510 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Sendero Wealth Management LLC decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 25.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,312 shares of the financial services provider's stock after selling 1,510 shares during the period. Sendero Wealth Management LLC's holdings in Houlihan Lokey were worth $696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HLI. Raymond James Financial Inc. bought a new stake in Houlihan Lokey in the fourth quarter valued at about $143,559,000. GAMMA Investing LLC grew its position in Houlihan Lokey by 39,574.9% in the 1st quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock worth $1,108,500,000 after purchasing an additional 684,645 shares during the last quarter. Norges Bank acquired a new stake in Houlihan Lokey in the 4th quarter valued at approximately $114,047,000. Invesco Ltd. lifted its holdings in Houlihan Lokey by 122.7% in the fourth quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after purchasing an additional 573,745 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Houlihan Lokey by 731.6% in the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock worth $60,341,000 after purchasing an additional 305,685 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of NYSE HLI traded up $0.71 during trading hours on Thursday, reaching $174.73. The stock had a trading volume of 434,037 shares, compared to its average volume of 351,477. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 33.35 and a beta of 0.82. Houlihan Lokey, Inc. has a twelve month low of $127.14 and a twelve month high of $192.10. The business's fifty day moving average is $164.08 and its two-hundred day moving average is $171.39.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company had revenue of $666.42 million during the quarter, compared to the consensus estimate of $628.25 million. During the same period last year, the firm earned $1.27 EPS. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.60 per share. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, June 2nd. Houlihan Lokey's dividend payout ratio is currently 41.24%.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Morgan Stanley decreased their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey has an average rating of "Moderate Buy" and an average price target of $185.00.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the firm'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 disclosure for this sale can be found here. Company insiders own 23.68% of the company's stock.

Houlihan Lokey 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.