Fiera Capital Corp Buys 246,705 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Fiera Capital Corp boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 666.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 283,702 shares of the financial services provider's stock after acquiring an additional 246,705 shares during the quarter. Fiera Capital Corp owned about 0.41% of Houlihan Lokey worth $44,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey during the second quarter worth about $26,000. Crewe Advisors LLC increased its holdings in shares of Houlihan Lokey by 264.5% during the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after buying an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Houlihan Lokey during the 2nd quarter valued at approximately $38,000. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey in the third quarter valued at $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider's stock valued at $91,000 after buying an additional 277 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. UBS Group raised 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. Finally, Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $157.00.

Houlihan Lokey Trading Up 1.2 %

Shares of HLI stock traded up $2.14 during trading hours on Friday, hitting $185.74. 226,147 shares of the company were exchanged, compared to its average volume of 323,466. The business has a 50 day moving average of $162.90 and a two-hundred day moving average of $147.08. Houlihan Lokey, Inc. has a 52 week low of $100.92 and a 52 week high of $189.17. The company has a market capitalization of $12.91 billion, a PE ratio of 37.55 and a beta of 0.65.

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

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.23%. Houlihan Lokey's payout ratio is currently 46.63%.

Insiders Place Their Bets

In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated 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 sale, the director now owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the transaction, the director now directly owns 6,601 shares of the company's stock, valued at $1,109,496.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,917 shares of company stock valued at $1,513,129. 23.68% of the stock is currently owned by 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.