In a recent disclosure with the Securities and Exchange Commission, Nordea Investment Management AB revealed that it has reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.1% during the second quarter of this year. The financial services provider sold 8,799 shares and now owns 412,432 shares of Houlihan Lokey’s stock. This amounts to approximately 0.61% ownership stake valued at $40,513,000 at the end of the most recent quarter.
Houlihan Lokey released its earnings results on Thursday, July 27th. Unfortunately, the company’s performance fell short of analysts’ expectations as they reported earnings per share of $0.89 for the quarter, missing consensus estimates of $1.02 by ($0.13). Despite this setback, Houlihan Lokey managed to achieve a return on equity of 19.40% and a net margin of 14.38%. The company posted revenue of $415.83 million for the quarter compared to an estimated $438.00 million consensus estimate. However, it should be noted that revenue was down by .7% when compared to the same quarter last year.
Industry experts predict that Houlihan Lokey will post earnings per share of 4.4 for the current fiscal year in light of these results.
Recently, there have been several analyst reports concerning HLI’s performance and future prospects. StockNews.com initiated coverage on the shares of Houlihan Lokey in a report released on Thursday, August 17th and issued a “hold” rating for the company’s stock. Additionally, Morgan Stanley raised their price target on HLI from $81.00 to $101.00 in a research report published on Wednesday, July 12th.
Investors should closely monitor these developments within Houlihan Lokey as they navigate through the challenges faced in the financial services sector. By staying informed on company news and monitoring analyst reports, shareholders can make more informed decisions regarding their investments in HLI.
Growth and Confidence in Houlihan Lokey Attracts Hedge Funds and Institutional Investors
Houlihan Lokey, a reputable financial services provider, has recently seen an increase in interest from hedge funds and institutional investors. One such investor, Moneta Group Investment Advisors LLC, saw a staggering 113,571.2% increase in its holdings of the company during the fourth quarter. This boosted their total shares to 5,157,263, valued at $449,507,000.
Alliancebernstein L.P., another prominent investor, also increased its position in Houlihan Lokey by 18.2% during the same period. They now own 2,845,604 shares worth $248,023,000. Burgundy Asset Management Ltd. followed suit with a modest 0.8% increase in their holdings amounting to 1,589,776 shares valued at $139,090,000.
Bank of America Corp DE and Clearbridge Investments LLC also joined the ranks of investors who have shown confidence in Houlihan Lokey’s potential for growth. Bank of America Corp DE raised their position by 5.2%, acquiring an additional 69,927 shares worth $123 ,009 ,000. Meanwhile Clearbridge Investments LLC increased their holdings by 13.5%, bringing them up to 1 ,175 ,066 shares valued at $102 ,807 ,000.
Interestingly enough,some insiders within Houlihan Lokey have also made notable moves with the company’s stock. General Counsel Christopher M.Crain sold a total of 1 ,000 shares on August 16th.The average selling price was set at $100 .66 per share,resulting in a transaction sum of $100 ,660 .00.This transaction was officially disclosed through documents filed with the Securities & Exchange Commission (SEC), which can be accessed on their website.
It is worth noting that approximately 98 .87 % of Houlihan Lokey’s stock is owned by hedge funds and other institutional investors. This showcases the level of confidence and interest that various financial entities have in the company’s performance and potential for growth.
As for Houlihan Lokey’s stock on the market, it opened at $109.42 on Monday, September 18th. The firm has a fifty-day moving average price of $102.82 and a two-hundred-day moving average price of $95.06. Over the past year, the stock has ranged from a low of $74.18 to a high of $110.51, indicating volatility in its value.
In conclusion, Houlihan Lokey’s recent surge in interest from hedge funds and institutional investors signifies their strong performance and potential. With notable increases in holdings by influential investors such as Moneta Group Investment Advisors LLC and Alliancebernstein L.P., it becomes apparent that Houlihan Lokey is seen as a promising player in the financial services industry. Additionally, insider transactions provide further insight into the company’s market dynamics. As always, individuals interested in trading or investing are advised to conduct thorough research before making any decisions based on this information.