Sei Investments Co. Buys 37,882 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Sei Investments Co. increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,130 shares of the financial services provider's stock after acquiring an additional 37,882 shares during the period. Sei Investments Co. owned about 1.06% of Houlihan Lokey worth $93,723,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider's stock worth $608,459,000 after acquiring an additional 143,560 shares in the last quarter. Wellington Management Group LLP increased its stake in Houlihan Lokey by 56.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider's stock valued at $291,761,000 after buying an additional 978,776 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Houlihan Lokey by 2.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider's stock valued at $205,583,000 after buying an additional 46,443 shares during the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Houlihan Lokey by 3.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,195,597 shares of the financial services provider's stock worth $143,364,000 after buying an additional 39,705 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Houlihan Lokey by 56.7% in the 4th quarter. Capital International Investors now owns 792,073 shares of the financial services provider's stock worth $94,977,000 after buying an additional 286,746 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

Insider Activity at Houlihan Lokey

In related news, insider David A. Preiser sold 20,000 shares of Houlihan Lokey stock in a transaction that occurred on 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 can be accessed through this link. In other news, 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 value of $1,339,245.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Preiser sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The disclosure for this sale can be found here. 25.97% of the stock is currently owned by corporate insiders.

Houlihan Lokey Stock Up 1.9 %

Houlihan Lokey stock traded up $2.69 during trading on Monday, hitting $144.12. The stock had a trading volume of 390,217 shares, compared to its average volume of 335,418. The stock's 50 day moving average is $133.92 and its two-hundred day moving average is $128.05. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $145.55. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 35.07 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.07. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The firm had revenue of $520.46 million for the quarter, compared to analysts' expectations of $508.99 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.63 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.58%. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.55. Houlihan Lokey's payout ratio is 55.47%.

Analysts Set New Price Targets

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

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.