Integrated Investment Consultants LLC Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Integrated Investment Consultants LLC lifted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 142.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,174 shares of the financial services provider's stock after buying an additional 9,490 shares during the quarter. Integrated Investment Consultants LLC's holdings in Houlihan Lokey were worth $2,556,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its stake in Houlihan Lokey by 24,074.0% during the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider's stock worth $67,647,000 after purchasing an additional 499,535 shares during the period. Fiera Capital Corp increased its stake in Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock worth $44,831,000 after buying an additional 246,705 shares during the period. PineStone Asset Management Inc. acquired a new stake in Houlihan Lokey during the 2nd quarter worth approximately $10,141,000. Earnest Partners LLC boosted its position in 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 buying an additional 62,314 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Houlihan Lokey by 42.0% in the third quarter. New York State Common Retirement Fund now owns 183,976 shares of the financial services provider's stock worth $29,072,000 after acquiring an additional 54,386 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Price Performance

Shares of HLI traded up $2.10 during midday trading on Thursday, reaching $189.05. 226,749 shares of the stock were exchanged, compared to its average volume of 321,453. Houlihan Lokey, Inc. has a twelve month low of $102.68 and a twelve month high of $191.39. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 38.66 and a beta of 0.65. The business's 50-day moving average price is $169.62 and its 200 day moving average price is $151.09.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released 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 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%. Houlihan Lokey's revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of analyst reports. Wells Fargo & Company assumed coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price target on the stock. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday. UBS Group increased their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reaffirmed 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. Finally, JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $157.00.

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction 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 sale, the director now directly owns 6,601 shares in the company, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 quarter. Corporate insiders own 23.68% of the company's stock.

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.