Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,440 shares of the financial services provider’s stock after selling 460 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Houlihan Lokey were worth $2,755,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bridges Investment Management Inc. acquired a new position in Houlihan Lokey during the second quarter worth $619,000. Natixis Advisors LLC raised its holdings in shares of Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after acquiring an additional 9,768 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Houlihan Lokey in the second quarter worth $687,000. &PARTNERS purchased a new stake in shares of Houlihan Lokey in the second quarter valued at $454,000. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Houlihan Lokey during the second quarter valued at $3,260,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Buying and Selling at Houlihan Lokey

In related news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HLI. Morgan Stanley downgraded shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research report on Thursday. UBS Group upped their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and a consensus price target of $170.60.

Houlihan Lokey Price Performance

NYSE HLI opened at $177.53 on Monday. The company has a 50-day moving average of $177.92 and a 200-day moving average of $156.94. Houlihan Lokey, Inc. has a 12 month low of $112.17 and a 12 month high of $192.10. The company has a market cap of $12.34 billion, a P/E ratio of 36.30 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Houlihan Lokey’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s payout ratio is currently 46.63%.

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.