Citadel Advisors LLC Has $1.61 Million Stake in Houlihan Lokey, Inc. (HLI)
Citadel Advisors LLC lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 28.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,181 shares of the financial services provider’s stock after selling 18,034 shares during the period. Citadel Advisors LLC owned approximately 0.20% of Houlihan Lokey worth $1,612,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of HLI. Parametric Portfolio Associates LLC raised its stake in shares of Houlihan Lokey by 12.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 72,136 shares of the financial services provider’s stock worth $2,518,000 after acquiring an additional 7,822 shares in the last quarter. Sawgrass Asset Management LLC acquired a new stake in Houlihan Lokey in the second quarter valued at approximately $369,000. Vanguard Group Inc. grew its holdings in Houlihan Lokey by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,661,986 shares of the financial services provider’s stock worth $58,003,000 after purchasing an additional 58,257 shares during the last quarter. Northern Trust Corp grew its holdings in Houlihan Lokey by 66.9% in the second quarter. Northern Trust Corp now owns 297,145 shares of the financial services provider’s stock worth $10,371,000 after purchasing an additional 119,118 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Houlihan Lokey by 3.5% in the second quarter. GSA Capital Partners LLP now owns 49,601 shares of the financial services provider’s stock worth $1,731,000 after purchasing an additional 1,691 shares during the last quarter. 32.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on HLI. UBS AG reaffirmed a “buy” rating and set a $42.00 price target (up from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a research report on Thursday, July 27th. Zacks Investment Research cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, ValuEngine upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Houlihan Lokey currently has a consensus rating of “Buy” and an average price target of $39.83.
In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 69.70% of the company’s stock.
Houlihan Lokey, Inc. (HLI) opened at 39.45 on Tuesday. Houlihan Lokey, Inc. has a 52 week low of $23.19 and a 52 week high of $39.68. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 20.45 and a beta of 0.36. The firm’s 50-day moving average is $36.63 and its 200-day moving average is $35.12.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The company had revenue of $217.00 million for the quarter, compared to analyst estimates of $203.21 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post $2.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.03%. Houlihan Lokey’s dividend payout ratio (DPR) is 41.67%.
TRADEMARK VIOLATION NOTICE: This article was originally published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.watchlistnews.com/citadel-advisors-llc-has-1-61-million-stake-in-houlihan-lokey-inc-hli/1605212.html.
Houlihan Lokey Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
Receive News & Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.