Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 23.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,264 shares of the financial services provider's stock after selling 8,488 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Houlihan Lokey were worth $3,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter worth $42,000. Benjamin F. Edwards & Company Inc. increased its stake in Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider's stock worth $52,000 after acquiring an additional 265 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter valued at approximately $54,000. Mather Group LLC. bought a new stake in shares of Houlihan Lokey in the 1st quarter valued at approximately $74,000. Finally, Principal Securities Inc. purchased a new position in shares of Houlihan Lokey in the 4th quarter worth approximately $82,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Houlihan Lokey

In other news, insider David A. Preiser sold 20,000 shares of the business's stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total value of $2,664,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the business's stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Irwin Gold sold 9,902 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. 25.97% of the stock is currently owned by corporate insiders.

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded up $2.68 on Friday, hitting $141.43. 273,114 shares of the company's stock were exchanged, compared to its average volume of 266,036. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 34.41 and a beta of 0.67. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $142.54. The business's 50 day simple moving average is $133.72 and its two-hundred day simple moving average is $127.85.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. The company had revenue of $520.46 million during the quarter, compared to analysts' expectations of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The firm's quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.63 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.57 per share. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, June 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

Analyst Ratings Changes

HLI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Houlihan Lokey from $132.00 to $139.00 and gave the stock a "market perform" rating in a research note on Friday. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, UBS Group increased their price objective on shares of Houlihan Lokey from $145.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday.

Houlihan Lokey 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.