Houlihan Lokey, Inc. (NYSE:HLI) Stock Holdings Lessened by Woodson Capital Management LP

Woodson Capital Management LP decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 38.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,600 shares of the financial services provider’s stock after selling 24,400 shares during the quarter. Woodson Capital Management LP owned approximately 0.06% of Houlihan Lokey worth $6,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HLI. Millennium Management LLC increased its holdings in Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after buying an additional 499,535 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after purchasing an additional 246,705 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Eagle Asset Management Inc. increased its position in Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares during the last quarter. Finally, PineStone Asset Management Inc. bought a new position in Houlihan Lokey during the second quarter valued at about $10,141,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 1.4 %

HLI stock opened at $187.43 on Friday. The business’s 50-day simple moving average is $172.26 and its 200 day simple moving average is $152.74. The company has a market cap of $13.03 billion, a PE ratio of 38.33 and a beta of 0.65. Houlihan Lokey, Inc. has a twelve month low of $104.86 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. During the same period in the prior year, the company posted $1.11 earnings per share. Houlihan Lokey’s revenue was up 23.1% on a year-over-year basis. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s payout ratio is 46.63%.

Insider Activity

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,400 shares of company stock worth $219,362. Corporate insiders own 23.68% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of analyst reports. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and an average price target of $157.00.

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.