Tudor Investment Corp ET AL Reduces Stake in Houlihan Lokey, Inc. $HLI

Key Points

• Tudor Investment Corp cut its stake in Houlihan Lokey by 62.9% in the third quarter, selling 35,942 shares and leaving it with 21,180 shares valued at $4.35 million.
• Other institutions were buying: Mayflower Financial Advisors opened a new ~$230.3 million position and firms like Thrivent, Qube, Capital Research and Caisse de dépôt significantly increased holdings, leaving about 78.07% of the stock held by institutional investors.
• Houlihan Lokey reported a quarterly EPS beat ($1.94 vs. $1.85), revenue +13% year-over-year, and pays a quarterly dividend of $0.60 (annualized $2.40, ~1.6% yield), with a market cap of ~$10.48 billion and a P/E of 23.06.

Tudor Investment Corp ET AL reduced its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 62.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,180 shares of the financial services provider's stock after selling 35,942 shares during the period. Tudor Investment Corp ET AL's holdings in Houlihan Lokey were worth $4,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mayflower Financial Advisors LLC purchased a new position in shares of Houlihan Lokey in the third quarter worth approximately $230,335,000. Thrivent Financial for Lutherans boosted its holdings in shares of Houlihan Lokey by 75.6% in the third quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider's stock worth $146,495,000 after buying an additional 307,214 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Houlihan Lokey by 153.8% in the second quarter. Qube Research & Technologies Ltd now owns 274,387 shares of the financial services provider's stock worth $49,376,000 after buying an additional 166,285 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Houlihan Lokey by 19.7% in the third quarter. Capital Research Global Investors now owns 956,441 shares of the financial services provider's stock worth $196,376,000 after buying an additional 157,605 shares during the last quarter. Finally, Caisse de depot et placement du Quebec boosted its holdings in shares of Houlihan Lokey by 411.1% in the third quarter. Caisse de depot et placement du Quebec now owns 170,617 shares of the financial services provider's stock worth $35,031,000 after buying an additional 137,237 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Up 1.5%

Shares of Houlihan Lokey stock opened at $150.11 on Friday. The stock's 50-day simple moving average is $154.32 and its 200-day simple moving average is $174.41. Houlihan Lokey, Inc. has a 52 week low of $134.41 and a 52 week high of $211.78. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 23.06 and a beta of 1.00.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.During the same period in the prior year, the business earned $1.64 EPS. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 2nd. Houlihan Lokey's payout ratio is 36.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HLI shares. BMO Capital Markets raised their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an "outperform" rating in a report on Thursday, January 29th. Morgan Stanley lowered their target price on Houlihan Lokey from $205.00 to $193.00 and set an "overweight" rating on the stock in a research report on Thursday. The Goldman Sachs Group lowered their target price on Houlihan Lokey from $210.00 to $184.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings downgraded Houlihan Lokey from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 9th. Finally, UBS Group lowered their target price on Houlihan Lokey from $196.00 to $163.00 and set a "neutral" rating on the stock in a research report on Thursday, March 12th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $197.71.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the transaction, the general counsel owned 500 shares of the company's stock, valued at approximately $71,700. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert A. Schriesheim sold 5,000 shares of the business's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $170.86, for a total transaction of $854,300.00. Following the completion of the transaction, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. This trade represents a 15.16% decrease in their position. The SEC filing for this sale provides additional information. 22.83% of the stock is currently owned by insiders.

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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