Fiera Capital Corp Trims Stock Position in Houlihan Lokey, Inc. $HLI

Fiera Capital Corp decreased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,764 shares of the financial services provider’s stock after selling 3,565 shares during the period. Fiera Capital Corp’s holdings in Houlihan Lokey were worth $48,904,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HLI. Bogart Wealth LLC lifted its holdings in shares of Houlihan Lokey by 111.1% in the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after buying an additional 80 shares during the period. Motco bought a new stake in shares of Houlihan Lokey in the first quarter valued at about $29,000. Brooklyn Investment Group purchased a new stake in Houlihan Lokey in the first quarter worth about $33,000. Trust Co. of Toledo NA OH bought a new position in Houlihan Lokey during the 2nd quarter worth about $34,000. Finally, TCTC Holdings LLC grew its holdings in Houlihan Lokey by 103.5% during the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

In other news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total transaction of $98,110.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 47,311 shares of company stock worth $9,477,040. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Up 1.2%

NYSE:HLI opened at $184.40 on Thursday. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 31.04 and a beta of 0.88. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78. The firm has a 50 day moving average of $196.03 and a 200 day moving average of $187.77.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. The firm had revenue of $659.45 million during the quarter, compared to analyst estimates of $639.08 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. As a group, analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Analysts Set New Price Targets

HLI has been the subject of several recent research reports. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. BMO Capital Markets began coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price for the company. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research report on Monday, October 13th. Finally, Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

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.