Neuberger Berman Group LLC Sells 29,716 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Neuberger Berman Group LLC cut its holdings in Houlihan Lokey, Inc. (NYSE:HLIGet Rating) by 2.5% in the first quarter, Holdings Channel reports. The fund owned 1,144,161 shares of the financial services provider’s stock after selling 29,716 shares during the quarter. Neuberger Berman Group LLC’s holdings in Houlihan Lokey were worth $100,458,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Houlihan Lokey by 93.1% in the first quarter. CWM LLC now owns 2,645 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 1,275 shares during the period. Swiss National Bank lifted its stake in Houlihan Lokey by 8.1% in the first quarter. Swiss National Bank now owns 120,536 shares of the financial services provider’s stock worth $10,583,000 after acquiring an additional 9,000 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Houlihan Lokey by 4.4% during the first quarter. Envestnet Asset Management Inc. now owns 242,375 shares of the financial services provider’s stock valued at $21,281,000 after buying an additional 10,127 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Houlihan Lokey by 1.9% during the fourth quarter. MML Investors Services LLC now owns 15,831 shares of the financial services provider’s stock valued at $1,639,000 after buying an additional 288 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Houlihan Lokey during the first quarter valued at about $237,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on HLI shares. Piper Sandler decreased their price target on shares of Houlihan Lokey from $80.00 to $78.00 and set an “underweight” rating for the company in a research report on Friday, July 8th. UBS Group decreased their price objective on shares of Houlihan Lokey from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $95.00 to $82.00 in a research report on Monday, July 18th. Finally, The Goldman Sachs Group decreased their price objective on shares of Houlihan Lokey from $106.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.40.

Houlihan Lokey Trading Down 0.1 %

Shares of NYSE:HLI opened at $80.16 on Friday. Houlihan Lokey, Inc. has a twelve month low of $74.23 and a twelve month high of $122.62. The company’s 50 day moving average is $81.68 and its 200 day moving average is $84.59. The company has a market cap of $5.51 billion, a PE ratio of 12.95 and a beta of 0.68.

Houlihan Lokey (NYSE:HLIGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.22. Houlihan Lokey had a net margin of 18.25% and a return on equity of 32.86%. The company had revenue of $418.64 million for the quarter, compared to the consensus estimate of $381.08 million. Equities research analysts predict that Houlihan Lokey, Inc. will post 4.96 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.64%. Houlihan Lokey’s payout ratio is 34.25%.

About Houlihan Lokey

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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.

See Also

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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