Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 3.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,061 shares of the financial services provider’s stock after selling 464 shares during the quarter. Cetera Investment Advisers’ holdings in Houlihan Lokey were worth $1,761,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Houlihan Lokey in the 2nd quarter worth $26,000. Crewe Advisors LLC grew its holdings in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Houlihan Lokey in the 2nd quarter worth $38,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Houlihan Lokey by 194.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 265 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Houlihan Lokey in the 1st quarter worth $74,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Morgan Stanley raised their target price on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. UBS Group raised their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company initiated coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey presently has a consensus rating of “Hold” and an average target price of $157.00.

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. Insiders sold 9,717 shares of company stock valued at $1,479,513 over the last quarter. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Trading Up 1.2 %

HLI opened at $169.52 on Tuesday. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $169.78. The stock has a fifty day moving average price of $155.54 and a 200 day moving average price of $141.74. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 41.25 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.34%. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

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.