Mutual of America Capital Management LLC Sells 3,380 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Mutual of America Capital Management LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,505 shares of the financial services provider’s stock after selling 3,380 shares during the quarter. Mutual of America Capital Management LLC owned 0.09% of Houlihan Lokey worth $8,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in HLI. Accent Capital Management LLC bought a new stake in Houlihan Lokey during the 4th quarter valued at $42,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after buying an additional 265 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter valued at $54,000. Mather Group LLC. acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at $74,000. Finally, Principal Securities Inc. acquired a new stake in Houlihan Lokey during the 4th quarter worth about $82,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Preiser sold 20,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The disclosure for this sale can be found here. Corporate insiders own 25.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group cut their price objective on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th.

Houlihan Lokey Stock Performance

Houlihan Lokey stock traded down $2.03 during midday trading on Monday, hitting $134.21. 219,500 shares of the company were exchanged, compared to its average volume of 337,198. The business has a fifty day simple moving average of $133.01 and a two-hundred day simple moving average of $127.41. The firm has a market capitalization of $9.20 billion, a PE ratio of 32.65 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $94.18 and a fifty-two week high of $137.92.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The business had revenue of $520.46 million for the quarter, compared to analyst estimates of $508.99 million. During the same quarter in the prior year, the firm posted $1.11 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 5.63 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.70%. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. Houlihan Lokey’s dividend payout ratio is 55.47%.

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.