OneAscent Wealth Management LLC Grows Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

OneAscent Wealth Management LLC grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 13.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,954 shares of the financial services provider’s stock after purchasing an additional 236 shares during the period. OneAscent Wealth Management LLC’s holdings in Houlihan Lokey were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLI. Private Advisor Group LLC grew its position in shares of Houlihan Lokey by 3.3% during the 4th quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock worth $383,000 after buying an additional 102 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Houlihan Lokey by 12.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,139 shares of the financial services provider’s stock worth $137,000 after buying an additional 123 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Houlihan Lokey by 9.8% during the 4th quarter. QRG Capital Management Inc. now owns 2,446 shares of the financial services provider’s stock worth $293,000 after buying an additional 218 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Houlihan Lokey by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 22,440 shares of the financial services provider’s stock worth $2,691,000 after buying an additional 220 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in shares of Houlihan Lokey by 4.8% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 5,078 shares of the financial services provider’s stock worth $544,000 after buying an additional 233 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Preiser sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 25.97% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. UBS Group dropped their price objective on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $134.86 on Friday. The company has a market cap of $9.25 billion, a PE ratio of 32.81 and a beta of 0.65. The business has a 50-day simple moving average of $132.18 and a two-hundred day simple moving average of $126.73. Houlihan Lokey, Inc. has a fifty-two week low of $94.14 and a fifty-two week high of $137.92.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. The business had revenue of $520.46 million during the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. On average, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.63 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, June 3rd. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

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.