Teacher Retirement System of Texas Sells 284 Shares of Houlihan Lokey, Inc. $HLI

Teacher Retirement System of Texas trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,174 shares of the financial services provider’s stock after selling 284 shares during the quarter. Teacher Retirement System of Texas’ holdings in Houlihan Lokey were worth $3,630,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Legacy Wealth Asset Management LLC lifted its holdings in Houlihan Lokey by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 61 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Houlihan Lokey by 111.1% during the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 80 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Houlihan Lokey by 17.5% during the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 82 shares in the last quarter. Callan Family Office LLC lifted its holdings in shares of Houlihan Lokey by 6.2% during the 1st quarter. Callan Family Office LLC now owns 1,500 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 87 shares in the last quarter. Finally, Vista Finance LLC grew its position in shares of Houlihan Lokey by 4.1% in the 2nd quarter. Vista Finance LLC now owns 2,228 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 87 shares during the period. Institutional investors own 78.07% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total transaction of $7,998,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,311 shares of company stock valued at $9,477,040 in the last 90 days. 22.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on HLI shares. Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods cut their price objective on shares of 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. Deutsche Bank Aktiengesellschaft started 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. Finally, Morgan Stanley boosted their price target on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

Houlihan Lokey Trading Down 10.2%

Shares of HLI stock opened at $179.05 on Friday. The firm’s fifty day moving average price is $198.82 and its two-hundred day moving average price is $186.32. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $211.78. The firm has a market capitalization of $12.59 billion, a P/E ratio of 30.14 and a beta of 0.87.

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

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 40.40%.

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.