Metropolitan Life Insurance Co. NY Trims Stake in Houlihan Lokey (HLI)

Metropolitan Life Insurance Co. NY cut its holdings in Houlihan Lokey (NYSE:HLI) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,553 shares of the financial services provider’s stock after selling 8,631 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Houlihan Lokey were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HLI. Bank of New York Mellon Corp increased its holdings in shares of Houlihan Lokey by 11.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 153,154 shares of the financial services provider’s stock worth $5,992,000 after buying an additional 15,395 shares during the last quarter. American International Group Inc. increased its holdings in shares of Houlihan Lokey by 20.3% in the 3rd quarter. American International Group Inc. now owns 16,580 shares of the financial services provider’s stock worth $649,000 after buying an additional 2,799 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Houlihan Lokey by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 279,345 shares of the financial services provider’s stock worth $10,981,000 after buying an additional 15,631 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Houlihan Lokey by 53.9% in the 3rd quarter. Wells Fargo & Company MN now owns 354,501 shares of the financial services provider’s stock worth $13,871,000 after buying an additional 124,177 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 157.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 120,570 shares of the financial services provider’s stock worth $4,718,000 after buying an additional 73,670 shares during the last quarter. Hedge funds and other institutional investors own 40.66% of the company’s stock.

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A number of analysts have recently weighed in on HLI shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $52.00 target price on shares of Houlihan Lokey in a report on Thursday, January 11th. Zacks Investment Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. Buckingham Research started coverage on shares of Houlihan Lokey in a report on Thursday, April 5th. They set a “buy” rating and a $54.00 price target on the stock. Finally, Bank of America upped their price target on shares of Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Houlihan Lokey currently has an average rating of “Buy” and a consensus price target of $50.50.

Shares of NYSE:HLI opened at $44.93 on Tuesday. The stock has a market cap of $2,934.91, a P/E ratio of 23.77, a PEG ratio of 1.02 and a beta of 0.57. Houlihan Lokey has a 12 month low of $32.08 and a 12 month high of $52.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. The company had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. equities analysts forecast that Houlihan Lokey will post 2.31 EPS for the current year.

In other Houlihan Lokey news, CEO Scott L. Beiser sold 14,434 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total value of $674,789.50. Following the completion of the sale, the chief executive officer now directly owns 14,434 shares of the company’s stock, valued at approximately $674,789.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Christopher M. Crain sold 4,599 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total transaction of $215,003.25. Following the completion of the sale, the general counsel now directly owns 4,599 shares of the company’s stock, valued at $215,003.25. The disclosure for this sale can be found here. Insiders have sold a total of 76,042 shares of company stock worth $3,554,964 over the last quarter. 69.70% of the stock is currently owned by insiders.

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About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.

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

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