Fiera Capital Corp trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,032 shares of the financial services provider’s stock after selling 2,183 shares during the quarter. Fiera Capital Corp owned about 0.05% of Houlihan Lokey worth $3,542,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HLI. Global Retirement Partners LLC boosted its holdings in shares of Houlihan Lokey by 22.0% during the 1st quarter. Global Retirement Partners LLC now owns 637 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 115 shares during the last quarter. Goldstream Capital Management Ltd purchased a new stake in Houlihan Lokey in the first quarter worth approximately $63,000. Robeco Institutional Asset Management B.V. bought a new stake in Houlihan Lokey in the 1st quarter worth approximately $73,000. SG Americas Securities LLC raised its stake in Houlihan Lokey by 7.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,733 shares of the financial services provider’s stock valued at $170,000 after buying an additional 113 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Houlihan Lokey by 892.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,034 shares of the financial services provider’s stock valued at $178,000 after buying an additional 1,829 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. StockNews.com started coverage on Houlihan Lokey in a report on Thursday, October 5th. They issued a “hold” rating for the company. UBS Group raised their target price on Houlihan Lokey from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 3rd.
Insider Buying and Selling at Houlihan Lokey
In other news, CEO Scott L. Beiser sold 9,084 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $105.78, for a total value of $960,905.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 25.97% of the stock is currently owned by corporate insiders.
Houlihan Lokey Price Performance
Shares of Houlihan Lokey stock opened at $104.15 on Wednesday. Houlihan Lokey, Inc. has a 1-year low of $83.92 and a 1-year high of $110.94. The company’s fifty day simple moving average is $104.99 and its 200-day simple moving average is $99.36. The stock has a market capitalization of $7.22 billion, a PE ratio of 26.77 and a beta of 0.77.
Houlihan Lokey Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.20 annualized dividend and a yield of 2.11%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 56.56%.
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.
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