Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 28.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 711,604 shares of the financial services provider’s stock after selling 282,371 shares during the period. Thrivent Financial for Lutherans’ holdings in Houlihan Lokey were worth $112,448,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock valued at $654,300,000 after buying an additional 29,843 shares during the period. Janus Henderson Group PLC increased its stake in Houlihan Lokey by 27.1% during the first quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 6,535 shares during the period. SG Americas Securities LLC purchased a new position in shares of Houlihan Lokey in the second quarter valued at approximately $1,844,000. Dynasty Wealth Management LLC acquired a new position in shares of Houlihan Lokey in the first quarter valued at approximately $495,000. Finally, Bridges Investment Management Inc. acquired a new stake in Houlihan Lokey during the 2nd quarter worth approximately $619,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders sold 1,600 shares of company stock valued at $249,860 over the last ninety days. Corporate insiders own 23.68% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the topic of several analyst reports. Morgan Stanley increased their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $157.00.

Houlihan Lokey Price Performance

HLI stock opened at $184.12 on Friday. Houlihan Lokey, Inc. has a 12 month low of $102.29 and a 12 month high of $190.66. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 37.65 and a beta of 0.65. The company has a fifty day moving average price of $166.88 and a 200 day moving average price of $149.66.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $537.93 million. During the same quarter in the prior year, the business earned $1.11 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.24%. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Houlihan Lokey 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.