Chase Investment Counsel Corp Buys 16,226 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Chase Investment Counsel Corp lifted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 68.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,833 shares of the financial services provider's stock after buying an additional 16,226 shares during the period. Houlihan Lokey comprises 2.1% of Chase Investment Counsel Corp's investment portfolio, making the stock its 10th largest position. Chase Investment Counsel Corp owned 0.06% of Houlihan Lokey worth $6,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in Houlihan Lokey by 59.3% during the 3rd quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider's stock valued at $11,262,000 after buying an additional 26,522 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of Houlihan Lokey during the third quarter worth about $5,961,000. Entropy Technologies LP grew its stake in shares of Houlihan Lokey by 94.7% in the third quarter. Entropy Technologies LP now owns 3,100 shares of the financial services provider's stock worth $490,000 after purchasing an additional 1,508 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Houlihan Lokey by 25.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider's stock valued at $741,000 after purchasing an additional 944 shares during the period. Finally, Montanaro Asset Management Ltd lifted its holdings in Houlihan Lokey by 3.2% in the 3rd quarter. Montanaro Asset Management Ltd now owns 151,000 shares of the financial services provider's stock worth $23,861,000 after buying an additional 4,750 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on HLI. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. StockNews.com raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Tuesday. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. 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 target price for the company. One research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $157.00.

Houlihan Lokey Trading Down 0.4 %

NYSE HLI traded down $0.68 on Wednesday, reaching $185.85. 209,723 shares of the stock were exchanged, compared to its average volume of 322,334. Houlihan Lokey, Inc. has a one year low of $102.29 and a one year high of $190.66. The company's 50-day simple moving average is $164.85 and its two-hundred day simple moving average is $148.61. The firm has a market capitalization of $12.92 billion, a PE ratio of 38.46 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 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 EPS. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders 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 dividend yield of 1.23%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total value of $30,498.00. Following the sale, the director now owns 7,001 shares in the company, valued at $1,067,582.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,263,269.13. The disclosure for this sale can be found here. Insiders have sold a total of 9,917 shares of company stock valued at $1,513,129 over the last ninety days. 23.68% of the stock is owned by company insiders.

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.