Dynamic Technology Lab Private Ltd Has $1.05 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Dynamic Technology Lab Private Ltd boosted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 78.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,643 shares of the financial services provider's stock after purchasing an additional 2,924 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Houlihan Lokey were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC boosted its holdings in shares of Houlihan Lokey by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock valued at $441,507,000 after purchasing an additional 62,314 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Houlihan Lokey by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider's stock valued at $416,434,000 after acquiring an additional 38,155 shares in the last quarter. Sei Investments Co. increased its holdings in Houlihan Lokey by 6.2% during the 2nd quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider's stock worth $104,697,000 after purchasing an additional 45,205 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock valued at $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after buying an additional 149,114 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HLI shares. UBS Group raised their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company began 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $157.00.

Insider Transactions at Houlihan Lokey

In related news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, the director now directly owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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. Insiders have sold a total of 1,400 shares of company stock valued at $219,362 over the last three months. 23.68% of the stock is currently owned by corporate insiders.

Houlihan Lokey Stock Down 1.4 %

HLI traded down $2.61 during trading on Wednesday, hitting $187.43. The company's stock had a trading volume of 245,076 shares, compared to its average volume of 321,800. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 38.69 and a beta of 0.65. The firm's 50 day moving average price is $171.61 and its two-hundred day moving average price is $152.50. Houlihan Lokey, Inc. has a 12 month low of $104.86 and a 12 month high of $192.10.

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

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

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.