Woodson Capital Management LP Sells 24,400 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Woodson Capital Management LP lowered its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 38.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,600 shares of the financial services provider’s stock after selling 24,400 shares during the quarter. Woodson Capital Management LP’s holdings in Houlihan Lokey were worth $6,100,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC raised its holdings in Houlihan Lokey by 27.1% during the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 6,535 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Houlihan Lokey during the 2nd quarter valued at $1,844,000. Bridges Investment Management Inc. acquired a new position in shares of Houlihan Lokey in the 2nd quarter valued at $619,000. XTX Topco Ltd acquired a new position in shares of Houlihan Lokey in the 2nd quarter valued at $687,000. Finally, &PARTNERS bought a new position in shares of Houlihan Lokey in the 2nd quarter worth $454,000. 78.07% of the stock is owned by institutional investors.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the transaction, the director now directly owns 6,801 shares of the company’s stock, valued at approximately $1,035,656.28. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,400 shares of company stock valued at $219,362 over the last 90 days. 23.68% of the stock is owned by corporate insiders.

Houlihan Lokey Trading Down 1.4 %

HLI opened at $187.43 on Friday. The firm’s fifty day simple moving average is $172.26 and its 200 day simple moving average is $152.74. The stock has a market capitalization of $13.03 billion, a P/E ratio of 38.33 and a beta of 0.65. Houlihan Lokey, Inc. has a 12 month low of $104.86 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data 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. The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Houlihan Lokey’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the company earned $1.11 earnings per share. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.22%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of recent analyst reports. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. Finally, UBS Group boosted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus price target of $157.00.

About Houlihan Lokey

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.