Pathstone Holdings LLC Has $3.44 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Pathstone Holdings LLC increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,787 shares of the financial services provider’s stock after acquiring an additional 115 shares during the quarter. Pathstone Holdings LLC’s holdings in Houlihan Lokey were worth $3,443,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HLI. Millennium Management LLC grew its holdings in shares of Houlihan Lokey by 24,074.0% in the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after buying an additional 499,535 shares during the period. Fiera Capital Corp grew its stake in Houlihan Lokey by 666.8% in the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after acquiring an additional 246,705 shares during the period. PineStone Asset Management Inc. acquired a new position in Houlihan Lokey in the second quarter valued at about $10,141,000. Earnest Partners LLC increased its holdings in shares of Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock worth $441,507,000 after acquiring an additional 62,314 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Houlihan Lokey by 42.0% during the 3rd quarter. New York State Common Retirement Fund now owns 183,976 shares of the financial services provider’s stock valued at $29,072,000 after purchasing an additional 54,386 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction 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 sold a total of 1,400 shares of company stock valued at $219,362 over the last quarter. 23.68% of the stock is owned by corporate insiders.

Houlihan Lokey Stock Performance

HLI stock opened at $188.74 on Monday. Houlihan Lokey, Inc. has a 52 week low of $104.86 and a 52 week high of $191.39. The company has a market capitalization of $13.12 billion, a PE ratio of 38.60 and a beta of 0.65. The company’s 50-day simple moving average is $170.32 and its 200 day simple moving average is $151.72.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same quarter in the prior year, the business posted $1.11 EPS. The business’s revenue was up 23.1% compared to the same quarter last year. On average, analysts forecast that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HLI shares. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. 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 note on Wednesday, July 31st. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. UBS Group upped their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $157.00.

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.