Pinestone Asset Management 13F: Cuts HLI Stake by $8.2M

Pinestone Asset Management has significantly reduced its position in Houlihan Lokey, Inc. (NYSE: HLI) by selling 61,201 shares, according to its latest Form 13F filing with the SEC. This change represents a steep 82% reduction, leaving Pinestone with 13,294 shares valued at approximately $1.83 million as of the reporting period.

What Changed in Pinestone Asset Management's Houlihan Lokey Position

Pinestone Asset Management slashed its holdings in Houlihan Lokey from 74,495 shares to 13,294 shares, a decrease of 61,201 shares. This massive cut amounted to an 82% reduction in its stake, reflecting a shift in its investment strategy regarding the financial services firm.

Other Institutional Activity in Houlihan Lokey

Other institutional investors also made adjustments to their holdings in Houlihan Lokey. BlackRock, Inc. added 39,479 shares, bringing its total to 5,280,800 shares valued at about $758.4 million. Vanguard Portfolio Management LLC initiated a new position with 2,778,410 shares worth approximately $399 million. Kayne Anderson Rudnick Investment Management LLC reduced its holdings by 130,661 shares, ending with 2,642,146 shares valued at $379.5 million. Meanwhile, Earnest Partners LLC trimmed its position by 62,527 shares, holding 2,228,984 shares valued at $320.1 million.

Houlihan Lokey, Inc. Stock Up 2.7%

Shares of Houlihan Lokey (NYSE: HLI) recently traded around $137.89. The company boasts a market cap of approximately $9.52 billion and a P/E ratio of 22.17. The stock's 52-week range spans from $133.83 to $211.78, with a 50-day moving average of $149.61 and a 200-day moving average of $171.34. Houlihan Lokey has a beta of 0.953, indicating moderate volatility compared to the market.

Recent Earnings

In its latest earnings report, Houlihan Lokey posted revenue of about $2.62 billion, though it experienced a slight revenue decline of 4.6%. The company reported a net margin of 16.3% and a return on equity of 18.3%. The next earnings announcement is expected on July 28, 2026.

Dividend

Houlihan Lokey offers a dividend rate of $2.80 per share, yielding 2.03%. The dividend payout ratio stands at 38.59%, reflecting a balanced approach between rewarding shareholders and retaining earnings for growth.

Insider Buying and Selling at Houlihan Lokey, Inc.

Recent insider activity at Houlihan Lokey included transactions by several key figures. Co-Chairman Paul Eric Siegert sold 19,815 shares on May 21, 2026. General Counsel Christopher Crain bought 3,197 shares on the same day. CEO Scott Joseph Adelson also sold 17,274 shares, and CFO Lindsey Alley sold 7,100 shares, both on May 21, 2026.

Analysts Set New Price Targets

Analysts have maintained positive outlooks for Houlihan Lokey. On May 7, 2026, Keefe, Bruyette & Woods reaffirmed their 'buy' rating with a price target of $172. Morgan Stanley also maintained a 'buy' rating with a target of $193 as of April 9, 2026. Overall, the consensus among eight analysts holds a 'buy' recommendation, with an average price target of $172.50.

About Houlihan Lokey

Houlihan Lokey, Inc. is a global investment banking firm headquartered in Los Angeles, California. It specializes in mergers and acquisitions, capital markets, financial restructuring, and valuation advisory services. The company operates through three main segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. With around 2,800 employees, Houlihan Lokey serves corporations, financial sponsors, and government agencies worldwide.

Bottom Line

Pinestone Asset Management's decision to cut its stake in Houlihan Lokey by 82% is a notable development. Investors keep a close eye on such filings to gauge institutional sentiment. It's important to remember that 13F filings are historical and may not reflect current holdings. Houlihan Lokey remains a significant player in the financial services sector, with its stock performance and analyst ratings continuing to attract attention.