Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by FourThought Financial Partners LLC

FourThought Financial Partners LLC reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,021 shares of the financial services provider’s stock after selling 520 shares during the quarter. FourThought Financial Partners LLC’s holdings in Houlihan Lokey were worth $962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new position in Houlihan Lokey in the fourth quarter valued at $54,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Houlihan Lokey by 100.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock worth $65,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $85,000. Planned Solutions Inc. purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $87,000. Finally, Headlands Technologies LLC acquired a new stake in Houlihan Lokey in the third quarter valued at approximately $87,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 25.97% of the company’s stock.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock traded up $1.35 during trading hours on Friday, hitting $131.90. The company had a trading volume of 272,338 shares, compared to its average volume of 308,568. The company’s 50-day moving average is $126.78 and its two-hundred day moving average is $118.91. The company has a market cap of $9.12 billion, a P/E ratio of 32.73 and a beta of 0.67. Houlihan Lokey, Inc. has a twelve month low of $84.89 and a twelve month high of $133.80.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million during the quarter, compared to the consensus estimate of $493.02 million. During the same quarter in the prior year, the firm posted $1.14 earnings per share. Houlihan Lokey’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts expect that Houlihan Lokey, Inc. will post 4.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on HLI shares. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th. Finally, UBS Group lifted their price target on Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, February 2nd.

Houlihan Lokey Company 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.