UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 6.9% during the third quarter, HoldingsChannel.com reports. The fund owned 165,783 shares of the financial services provider’s stock after selling 12,370 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Houlihan Lokey were worth $26,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey during the second quarter worth $26,000. Crewe Advisors LLC lifted 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 acquiring an additional 164 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey during the second quarter worth $38,000. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the third quarter worth $38,000. Finally, First Horizon Advisors Inc. lifted its holdings in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 198 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the transaction, the director now directly owns 6,801 shares in the company, valued at $1,035,656.28. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.68% of the stock is owned by company insiders.

Houlihan Lokey Price Performance

Shares of HLI opened at $185.22 on Thursday. The firm has a market cap of $12.87 billion, a PE ratio of 37.88 and a beta of 0.67. Houlihan Lokey, Inc. has a 1 year low of $112.17 and a 1 year high of $192.10. The stock’s fifty day moving average price is $174.41 and its two-hundred day moving average price is $154.33.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share 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 given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company assumed coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target on the stock. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. 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 note on Tuesday, October 8th. Finally, Morgan Stanley boosted their target price 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, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.