Segall Bryant & Hamill LLC Has $14.73 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Segall Bryant & Hamill LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 25.1% during the third quarter, Holdings Channel reports. The firm owned 93,241 shares of the financial services provider’s stock after selling 31,278 shares during the period. Segall Bryant & Hamill LLC’s holdings in Houlihan Lokey were worth $14,734,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in Houlihan Lokey during the 2nd quarter worth $26,000. Crewe Advisors LLC boosted its holdings in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey during the third quarter worth about $38,000. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey in the 2nd quarter worth about $38,000. Finally, Quest Partners LLC purchased a new stake in Houlihan Lokey in the 3rd quarter valued at about $92,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HLI. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. Finally, Morgan Stanley lifted their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $157.00.

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the sale, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were 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. Over the last three months, insiders sold 1,400 shares of company stock worth $219,362. 23.68% of the stock is owned by corporate insiders.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock opened at $186.99 on Thursday. The stock has a market capitalization of $13.00 billion, a P/E ratio of 38.24 and a beta of 0.65. Houlihan Lokey, Inc. has a 52-week low of $102.29 and a 52-week high of $190.66. The stock’s 50-day simple moving average is $168.87 and its 200 day simple moving average is $150.82.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the prior year, the company posted $1.11 EPS. Houlihan Lokey’s revenue was up 23.1% compared to the same quarter last year. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s payout ratio is currently 46.63%.

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.