Houlihan Lokey, Inc. (NYSE:HLI) Holdings Increased by Atria Investments Inc

Atria Investments Inc increased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,497 shares of the financial services provider’s stock after acquiring an additional 809 shares during the period. Atria Investments Inc’s holdings in Houlihan Lokey were worth $3,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HLI. Janney Montgomery Scott LLC bought a new position in Houlihan Lokey during the 1st quarter valued at $306,000. Swiss National Bank grew its holdings in Houlihan Lokey by 1.0% during the first quarter. Swiss National Bank now owns 102,236 shares of the financial services provider’s stock worth $13,106,000 after acquiring an additional 1,000 shares during the period. QRG Capital Management Inc. raised its position in Houlihan Lokey by 12.3% in the first quarter. QRG Capital Management Inc. now owns 2,748 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 302 shares in the last quarter. US Bancorp DE lifted its holdings in Houlihan Lokey by 7.1% in the 1st quarter. US Bancorp DE now owns 32,886 shares of the financial services provider’s stock valued at $4,216,000 after acquiring an additional 2,187 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Houlihan Lokey by 9.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,133 shares of the financial services provider’s stock valued at $530,000 after purchasing an additional 353 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HLI shares. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price on the stock. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Morgan Stanley upped their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. Finally, UBS Group lifted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $157.00.

Houlihan Lokey Stock Down 0.5 %

HLI opened at $185.66 on Thursday. The firm has a market capitalization of $12.91 billion, a P/E ratio of 37.97 and a beta of 0.65. The stock has a fifty day moving average of $165.53 and a 200-day moving average of $148.87. Houlihan Lokey, Inc. has a 12-month low of $102.29 and a 12-month high of $190.66.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. During the same period in the prior year, the business earned $1.11 EPS. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, analysts expect that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s payout ratio is presently 46.63%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,917 shares of company stock worth $1,513,129. 23.68% of the stock is currently owned by company insiders.

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.