Houlihan Lokey (HLI) Stake Lowered by Macquarie Group Ltd.

Macquarie Group Ltd. cut its holdings in Houlihan Lokey (NYSE:HLI) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 489,735 shares of the financial services provider’s stock after selling 89,696 shares during the period. Macquarie Group Ltd. owned 0.74% of Houlihan Lokey worth $22,249,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. increased its stake in shares of Houlihan Lokey by 2,125.0% in the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,720 shares during the period. AMP Capital Investors Ltd bought a new position in shares of Houlihan Lokey in the fourth quarter worth about $245,000. ETRADE Capital Management LLC bought a new position in shares of Houlihan Lokey in the third quarter worth about $250,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Houlihan Lokey in the fourth quarter worth about $261,000. Finally, Quadrature Capital Ltd bought a new position in shares of Houlihan Lokey in the fourth quarter worth about $297,000. Institutional investors and hedge funds own 40.66% of the company’s stock.

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In related news, insider Scott Joseph Adelson sold 13,732 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $46.75, for a total transaction of $641,971.00. Following the sale, the insider now directly owns 13,732 shares of the company’s stock, valued at $641,971. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO J Lindsey Alley sold 22,549 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $46.75, for a total value of $1,054,165.75. Following the sale, the chief financial officer now directly owns 22,549 shares in the company, valued at $1,054,165.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,042 shares of company stock worth $3,554,964. 69.70% of the stock is owned by company insiders.

A number of equities analysts have recently commented on HLI shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $49.00 price objective on shares of Houlihan Lokey in a research note on Friday, December 22nd. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research note on Monday, December 25th. Finally, Bank of America lifted their price objective on Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.50.

Shares of HLI stock opened at $43.88 on Friday. Houlihan Lokey has a 1 year low of $32.00 and a 1 year high of $52.81. The firm has a market capitalization of $2,996.84, a PE ratio of 19.44, a P/E/G ratio of 1.09 and a beta of 0.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts anticipate that Houlihan Lokey will post 2.32 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.

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About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.

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

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