Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,471 shares of the financial services provider’s stock after selling 1,028 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Houlihan Lokey worth $6,395,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MML Investors Services LLC boosted its holdings in shares of Houlihan Lokey by 10.4% in the 3rd quarter. MML Investors Services LLC now owns 19,845 shares of the financial services provider’s stock valued at $3,136,000 after purchasing an additional 1,869 shares during the last quarter. Pier Capital LLC raised its position in shares of Houlihan Lokey by 0.5% in the 3rd quarter. Pier Capital LLC now owns 67,090 shares of the financial services provider’s stock worth $10,602,000 after buying an additional 350 shares during the period. Dorsey Wright & Associates acquired a new position in Houlihan Lokey in the third quarter valued at $3,390,000. Orion Portfolio Solutions LLC grew its position in Houlihan Lokey by 147.8% during the third quarter. Orion Portfolio Solutions LLC now owns 7,921 shares of the financial services provider’s stock valued at $1,252,000 after acquiring an additional 4,725 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in Houlihan Lokey during the third quarter worth about $347,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a research note on Thursday. UBS Group raised their target price 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, Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Two 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. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and an average target price of $170.60.

Houlihan Lokey Stock Down 1.5 %

HLI opened at $177.42 on Friday. The firm’s 50 day moving average is $177.92 and its 200-day moving average is $156.61. Houlihan Lokey, Inc. has a 52-week low of $112.17 and a 52-week high of $192.10. The firm has a market capitalization of $12.33 billion, a P/E ratio of 36.28 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The firm 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%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. Equities analysts expect that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction 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 transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.68% of the stock is currently owned by company insiders.

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.