West Coast Financial LLC Sells 813 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

West Coast Financial LLC reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.6% in the 3rd quarter, Holdings Channel reports. The firm owned 22,011 shares of the financial services provider’s stock after selling 813 shares during the quarter. West Coast Financial LLC’s holdings in Houlihan Lokey were worth $3,478,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HLI. Quantbot Technologies LP raised its position in shares of Houlihan Lokey by 624.8% in the 1st quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock worth $932,000 after acquiring an additional 6,267 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $654,300,000 after acquiring an additional 29,843 shares in the last quarter. Sei Investments Co. raised its position in shares of Houlihan Lokey by 5.5% in the 1st quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock worth $93,723,000 after acquiring an additional 37,882 shares in the last quarter. Duality Advisers LP bought a new position in shares of Houlihan Lokey in the 1st quarter worth about $690,000. Finally, American International Group Inc. increased its position in Houlihan Lokey by 15,061.5% in the 4th quarter. American International Group Inc. now owns 69,743 shares of the financial services provider’s stock valued at $8,363,000 after buying an additional 69,283 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Up 1.7 %

HLI stock traded up $2.87 during mid-day trading on Friday, reaching $167.07. 56,442 shares of the company traded hands, compared to its average volume of 321,253. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 36.41 and a beta of 0.66. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $167.64. The firm’s 50 day moving average price is $154.60 and its 200 day moving average price is $140.95.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s revenue was up 23.6% compared to the same quarter last year. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.64 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.36%. Houlihan Lokey’s payout ratio is presently 50.55%.

Insider Transactions at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 8,317 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 have sold 9,717 shares of company stock worth $1,479,513 in the last 90 days. Insiders own 23.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HLI. JPMorgan Chase & Co. decreased their target price 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. 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 research report on Wednesday, July 31st. UBS Group boosted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday. 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 target price for the company. Finally, Morgan Stanley lifted their price target 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.00.

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.