MetLife Investment Management LLC Sells 115 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

MetLife Investment Management LLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 0.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 27,662 shares of the financial services provider’s stock after selling 115 shares during the quarter. MetLife Investment Management LLC’s holdings in Houlihan Lokey were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its position in shares of Houlihan Lokey by 13.1% in the third quarter. Glenmede Trust Co. NA now owns 3,618 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 419 shares during the period. Bridgewater Associates LP lifted its stake in shares of Houlihan Lokey by 4.1% during the 3rd quarter. Bridgewater Associates LP now owns 6,749 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 267 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Houlihan Lokey by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 25,654 shares of the financial services provider’s stock worth $4,054,000 after buying an additional 1,598 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in Houlihan Lokey by 78.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 6,643 shares of the financial services provider’s stock worth $1,050,000 after buying an additional 2,924 shares in the last quarter. Finally, Okabena Investment Services Inc. purchased a new stake in Houlihan Lokey in the 3rd quarter worth $218,000. Institutional investors own 78.07% of the company’s stock.

Insider Activity at Houlihan Lokey

In related news, Director Gillian Beth Zucker sold 200 shares of the company’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 transaction, the director now directly owns 6,601 shares in the company, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,400 shares of company stock valued at $219,362. Insiders own 23.68% of the company’s stock.

Houlihan Lokey Price Performance

NYSE HLI opened at $189.09 on Monday. Houlihan Lokey, Inc. has a 1-year low of $105.34 and a 1-year high of $192.10. The business has a 50 day simple moving average of $173.43 and a two-hundred day simple moving average of $153.47. The stock has a market capitalization of $13.14 billion, a PE ratio of 38.67 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Houlihan Lokey’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.82 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is 46.63%.

Analyst Upgrades and Downgrades

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

About Houlihan Lokey

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.