Houlihan Lokey, Inc. $HLI Shares Purchased by Fiera Capital Corp

Fiera Capital Corp boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 352,579 shares of the financial services provider’s stock after acquiring an additional 86,764 shares during the quarter. Fiera Capital Corp’s holdings in Houlihan Lokey were worth $61,416,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of HLI. Capital Research Global Investors increased its position in shares of Houlihan Lokey by 0.6% during the fourth quarter. Capital Research Global Investors now owns 962,263 shares of the financial services provider’s stock worth $167,617,000 after purchasing an additional 5,822 shares in the last quarter. 111 Capital acquired a new stake in Houlihan Lokey during the 4th quarter worth $244,000. OneAscent Financial Services LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth $208,000. OneAscent Investment Solutions LLC grew its holdings in shares of Houlihan Lokey by 4.3% during the fourth quarter. OneAscent Investment Solutions LLC now owns 2,813 shares of the financial services provider’s stock worth $490,000 after buying an additional 117 shares in the last quarter. Finally, Pinebridge Investments LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth $925,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the transaction, the chairman directly owned 6,265 shares in the company, valued at $941,378.90. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Trading Up 0.1%

Shares of HLI stock opened at $139.38 on Monday. The company’s 50-day moving average price is $149.75 and its 200-day moving average price is $162.88. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.08 and a beta of 0.95. Houlihan Lokey, Inc. has a twelve month low of $134.41 and a twelve month high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.16). The firm had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 EPS. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 8.54 EPS for the current year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s dividend payout ratio is presently 45.02%.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of research reports. Zacks Research lowered shares of Houlihan Lokey from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. UBS Group set a $160.00 target price on shares of Houlihan Lokey in a report on Thursday, May 7th. The Goldman Sachs Group dropped their target price on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Morgan Stanley dropped their target price on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $191.29.

About Houlihan Lokey

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.