Victory Capital Management Inc. Acquires 14,475 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 32.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,208 shares of the financial services provider’s stock after buying an additional 14,475 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Houlihan Lokey worth $7,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Houlihan Lokey by 56.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock valued at $291,761,000 after purchasing an additional 978,776 shares during the last quarter. FMR LLC increased its holdings in shares of Houlihan Lokey by 69.9% during the third quarter. FMR LLC now owns 1,507,610 shares of the financial services provider’s stock worth $161,495,000 after buying an additional 620,182 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Houlihan Lokey by 1,044.5% in the 3rd quarter. HighTower Advisors LLC now owns 284,957 shares of the financial services provider’s stock valued at $30,505,000 after acquiring an additional 260,060 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Houlihan Lokey by 77.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 470,177 shares of the financial services provider’s stock valued at $50,365,000 after acquiring an additional 204,583 shares in the last quarter. Finally, Eventide Asset Management LLC bought a new stake in Houlihan Lokey during the 3rd quarter worth $16,029,000. Institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, UBS Group decreased their price target on shares of Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday.

Check Out Our Latest Research Report on HLI

Insider Activity

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total transaction of $128,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $136.83 on Wednesday. Houlihan Lokey, Inc. has a one year low of $86.20 and a one year high of $137.80. The stock’s 50 day moving average is $127.74 and its 200 day moving average is $120.75. The firm has a market cap of $9.46 billion, a P/E ratio of 33.29 and a beta of 0.67.

Houlihan Lokey (NYSE:HLIGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $520.46 million for the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 1.67%. Houlihan Lokey’s dividend payout ratio (DPR) is 55.47%.

Houlihan Lokey Company Profile

(Free Report)

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.

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

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