Clinton Group Inc. Sells 27,426 Shares of Houlihan Lokey, Inc. (HLI)

Clinton Group Inc. reduced its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 76.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,308 shares of the financial services provider’s stock after selling 27,426 shares during the period. Clinton Group Inc.’s holdings in Houlihan Lokey were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. lifted its position in shares of Houlihan Lokey by 0.3% during the second quarter. Alps Advisors Inc. now owns 14,945 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 39 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Houlihan Lokey by 9.1% during the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 381 shares in the last quarter. American International Group Inc. lifted its position in shares of Houlihan Lokey by 7.1% during the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 497 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Houlihan Lokey by 12.3% during the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 570 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Houlihan Lokey by 3.5% during the second quarter. GSA Capital Partners LLP now owns 49,601 shares of the financial services provider’s stock worth $1,731,000 after purchasing an additional 1,691 shares in the last quarter. 32.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 69.70% of the stock is owned by company insiders.

Shares of Houlihan Lokey, Inc. (NYSE:HLI) opened at 39.29 on Tuesday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 20.37 and a beta of 0.36. The firm’s 50-day moving average is $37.25 and its 200 day moving average is $35.38. Houlihan Lokey, Inc. has a 1-year low of $23.19 and a 1-year high of $40.63.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. Houlihan Lokey’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. Equities analysts expect that Houlihan Lokey, Inc. will post $2.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.04%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 41.67%.

HLI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 target price on shares of Houlihan Lokey in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub lowered shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. UBS AG restated a “buy” rating and issued a $42.00 price target (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Finally, TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. lifted its position in shares of Houlihan Lokey by 0.3% during the second quarter. Alps Advisors Inc. now owns 14,945 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 39 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Houlihan Lokey by 9.1% during the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 381 shares in the last quarter. American International Group Inc. lifted its position in shares of Houlihan Lokey by 7.1% during the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 497 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Houlihan Lokey by 12.3% during the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 570 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Houlihan Lokey by 3.5% during the second quarter. GSA Capital Partners LLP now owns 49,601 shares of the financial services provider’s stock worth $1,731,000 after purchasing an additional 1,691 shares in the last quarter. 32.17% of the stock is currently owned by institutional investors and hedge funds.

In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 69.70% of the stock is owned by company insiders.

Shares of Houlihan Lokey, Inc. (NYSE:HLI) opened at 39.29 on Tuesday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 20.37 and a beta of 0.36. The firm’s 50-day moving average is $37.25 and its 200 day moving average is $35.38. Houlihan Lokey, Inc. has a 1-year low of $23.19 and a 1-year high of $40.63.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. Houlihan Lokey’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. Equities analysts expect that Houlihan Lokey, Inc. will post $2.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.04%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 41.67%.

HLI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 target price on shares of Houlihan Lokey in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub lowered shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. UBS AG restated a “buy” rating and issued a $42.00 price target (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Finally, TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Houlihan Lokey has an average rating of “Buy” and a consensus target price of $39.83.

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Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

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

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