Dorsey Wright & Associates Invests $3.39 Million in Houlihan Lokey, Inc. (NYSE:HLI)

Dorsey Wright & Associates purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 21,456 shares of the financial services provider's stock, valued at approximately $3,390,000.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its holdings in Houlihan Lokey by 604.4% in the 1st quarter. Cetera Investment Advisers now owns 13,525 shares of the financial services provider's stock valued at $1,734,000 after buying an additional 11,605 shares during the last quarter. Cetera Advisors LLC grew its holdings in Houlihan Lokey by 58.0% in the 1st quarter. Cetera Advisors LLC now owns 3,011 shares of the financial services provider's stock valued at $386,000 after buying an additional 1,105 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Houlihan Lokey by 13.4% in the 2nd quarter. QRG Capital Management Inc. now owns 3,115 shares of the financial services provider's stock valued at $420,000 after buying an additional 367 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Houlihan Lokey in the 2nd quarter valued at approximately $26,000. Finally, SG Americas Securities LLC acquired a new stake in Houlihan Lokey in the 2nd quarter valued at approximately $1,844,000. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Trading Down 0.5 %

HLI stock traded down $1.00 during trading on Friday, hitting $184.30. The company had a trading volume of 322,076 shares, compared to its average volume of 260,023. The company has a fifty day moving average price of $175.99 and a two-hundred day moving average price of $155.38. The company has a market cap of $12.81 billion, a P/E ratio of 37.69 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $192.10.

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

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.24%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's dividend payout ratio is 46.63%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Houlihan Lokey in a report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 target price on the stock. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a report on Monday, September 23rd. Finally, StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $157.00.

Houlihan Lokey Company Profile

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.