Dynamic Technology Lab Private Ltd Cuts Position in Houlihan Lokey, Inc. (HLI)

Dynamic Technology Lab Private Ltd cut its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 47.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,802 shares of the financial services provider’s stock after selling 6,211 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Houlihan Lokey were worth $266,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HLI. Vanguard Group Inc. grew its position in Houlihan Lokey by 75.5% in the first quarter. Vanguard Group Inc. now owns 1,603,729 shares of the financial services provider’s stock worth $55,249,000 after acquiring an additional 690,029 shares in the last quarter. Neuberger Berman Group LLC grew its position in Houlihan Lokey by 122.1% in the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock worth $41,645,000 after acquiring an additional 655,940 shares in the last quarter. Teachers Advisors LLC grew its position in Houlihan Lokey by 419.5% in the second quarter. Teachers Advisors LLC now owns 297,165 shares of the financial services provider’s stock worth $10,371,000 after acquiring an additional 239,964 shares in the last quarter. Voya Investment Management LLC grew its position in Houlihan Lokey by 19.6% in the second quarter. Voya Investment Management LLC now owns 843,812 shares of the financial services provider’s stock worth $29,449,000 after acquiring an additional 138,002 shares in the last quarter. Finally, Northern Trust Corp grew its position 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 acquiring an additional 119,118 shares in the last quarter. Institutional investors own 34.63% of the company’s stock.

Houlihan Lokey, Inc. (NYSE:HLI) traded down $0.64 during midday trading on Wednesday, reaching $44.20. 126,800 shares of the company’s stock traded hands, compared to its average volume of 247,050. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey, Inc. has a twelve month low of $29.51 and a twelve month high of $45.14. The stock has a market capitalization of $2,953.12, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.99 and a beta of 0.42.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. The business had revenue of $242.20 million during the quarter, compared to analyst estimates of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The company’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. equities analysts expect that Houlihan Lokey, Inc. will post 2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.81%. Houlihan Lokey’s dividend payout ratio is currently 37.91%.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Bank of America upped their price target on shares of Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. UBS upped their price target on shares of Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Houlihan Lokey in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.33.

In other news, major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $72,852,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Irwin Gold sold 6,533 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $271,968.79. Following the sale, the chairman now owns 6,533 shares of the company’s stock, valued at $271,968.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,807,387 shares of company stock valued at $113,183,620. 69.70% of the stock is currently owned by company insiders.

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Houlihan Lokey Company 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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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