Quantbot Technologies LP Sells 9,420 Shares of Houlihan Lokey, Inc. $HLI

Quantbot Technologies LP trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 76.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,921 shares of the financial services provider’s stock after selling 9,420 shares during the quarter. Quantbot Technologies LP’s holdings in Houlihan Lokey were worth $600,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HLI. Royal Bank of Canada lifted its stake in shares of Houlihan Lokey by 14.4% during the 1st quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider’s stock worth $8,008,000 after buying an additional 6,253 shares during the last quarter. AQR Capital Management LLC raised its holdings in Houlihan Lokey by 50.0% in the 1st quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider’s stock valued at $4,598,000 after acquiring an additional 9,891 shares during the period. Millennium Management LLC bought a new position in Houlihan Lokey in the 1st quarter valued at about $18,964,000. Goldman Sachs Group Inc. lifted its position in Houlihan Lokey by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock worth $67,143,000 after acquiring an additional 22,553 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Houlihan Lokey by 9.7% during the second quarter. Bank of Montreal Can now owns 21,874 shares of the financial services provider’s stock worth $3,936,000 after acquiring an additional 1,930 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $151.32 on Monday. The stock’s fifty day moving average price is $173.75 and its two-hundred day moving average price is $183.91. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The firm has a market cap of $10.56 billion, a PE ratio of 23.24 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. Houlihan Lokey’s dividend payout ratio (DPR) is 36.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. BMO Capital Markets upped their price objective on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Morgan Stanley lowered their price objective on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 6th. UBS Group reissued a “neutral” rating and issued a $196.00 target price on shares of Houlihan Lokey in a research report on Friday, January 30th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Moderate Buy” and an average target price of $209.17.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total transaction of $854,300.00. Following the transaction, the director owned 27,982 shares in the company, valued at approximately $4,781,004.52. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The SEC filing for this sale provides additional information. Insiders own 22.83% of the company’s stock.

Houlihan Lokey 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.