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Sun Sep 15 12:40:54 UTC 2024: ## Houlihan Lokey Sees Mixed Activity from Institutional Investors
**New York, NY – September 15, 2024** – Investment banking firm Houlihan Lokey, Inc. (NYSE:HLI) experienced a mixed bag of activity from institutional investors during the second quarter, according to recent SEC filings.
Qsemble Capital Management LP reduced its stake in the company by 41.8%, while other hedge funds like Quantbot Technologies LP, Vanguard Group Inc., and Sei Investments Co. increased their holdings. The firm’s stock is currently owned by 78.07% of hedge funds and other institutional investors.
Meanwhile, insider activity also saw a flurry of transactions. Chairman Irwin Gold sold a significant amount of stock, totaling $1,339,245.50, while Director Gillian Beth Zucker sold a smaller portion worth $30,498.00. Overall, company insiders own 25.97% of the stock.
Houlihan Lokey recently reported strong quarterly earnings, beating analyst expectations for both earnings per share and revenue. The company also announced a quarterly dividend of $0.57 per share.
Several research firms have weighed in on HLI’s performance, with ratings ranging from “buy” to “underweight.” The consensus target price is currently $150.00.
Houlihan Lokey provides a variety of financial services, including M&A advisory, capital markets, and financial restructuring. The company operates globally across three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
**For more information on Houlihan Lokey, please visit MarketBeat.com.**