Houlihan Lokey, Inc. $HLI Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,452 shares of the financial services provider’s stock after selling 782 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Houlihan Lokey were worth $1,161,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC acquired a new position in Houlihan Lokey during the first quarter worth $298,000. Cetera Investment Advisers increased its position in shares of Houlihan Lokey by 8.3% in the first quarter. Cetera Investment Advisers now owns 22,438 shares of the financial services provider’s stock valued at $3,624,000 after buying an additional 1,711 shares in the last quarter. Assetmark Inc. raised its stake in shares of Houlihan Lokey by 0.9% during the 1st quarter. Assetmark Inc. now owns 10,653 shares of the financial services provider’s stock worth $1,720,000 after buying an additional 93 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Houlihan Lokey by 4.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,522 shares of the financial services provider’s stock worth $2,345,000 after buying an additional 675 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Houlihan Lokey by 12.9% in the 1st quarter. LPL Financial LLC now owns 95,038 shares of the financial services provider’s stock worth $15,349,000 after buying an additional 10,879 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HLI has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target on the stock. Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research note on Monday, October 13th. Finally, Weiss Ratings upgraded Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.43.

Insiders Place Their Bets

In related news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Irwin Gold sold 6,811 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. Additional details regarding this sale are available in the official SEC disclosure. 22.83% of the stock is owned by insiders.

Houlihan Lokey Price Performance

NYSE:HLI opened at $175.34 on Thursday. The firm has a market cap of $12.29 billion, a PE ratio of 29.52 and a beta of 0.88. The firm has a 50 day simple moving average of $190.73 and a 200-day simple moving average of $188.41. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The firm had revenue of $659.45 million for the quarter, compared to analyst estimates of $639.08 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. Houlihan Lokey’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 earnings per share. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.4%. Houlihan Lokey’s payout ratio is currently 38.71%.

Houlihan Lokey Company 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.