West Coast Financial LLC Sells 1,699 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

West Coast Financial LLC reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,312 shares of the financial services provider’s stock after selling 1,699 shares during the quarter. West Coast Financial LLC’s holdings in Houlihan Lokey were worth $3,527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Thoroughbred Financial Services LLC bought a new stake in shares of Houlihan Lokey during the 2nd quarter worth $201,000. Envestnet Asset Management Inc. raised its position in Houlihan Lokey by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 482,779 shares of the financial services provider’s stock worth $65,108,000 after acquiring an additional 19,229 shares during the period. Mutual of America Capital Management LLC boosted its stake in Houlihan Lokey by 2.3% in the second quarter. Mutual of America Capital Management LLC now owns 63,972 shares of the financial services provider’s stock valued at $8,627,000 after acquiring an additional 1,467 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Houlihan Lokey by 28.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,923 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 1,520 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $687,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 0.1 %

NYSE HLI opened at $175.44 on Thursday. The company has a 50-day moving average price of $179.60 and a 200-day moving average price of $163.41. The firm has a market capitalization of $12.19 billion, a P/E ratio of 35.88 and a beta of 0.69. Houlihan Lokey, Inc. has a 52 week low of $115.84 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The company 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%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Analysts Set New Price Targets

A number of analysts have issued reports on HLI shares. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday. UBS Group increased their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $171.00 to $200.00 in a report on Monday, December 9th. Wells Fargo & Company reduced their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.40.

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.