&Partners Acquires Shares of 3,363 Houlihan Lokey, Inc. (NYSE:HLI)

&PARTNERS bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,363 shares of the financial services provider's stock, valued at approximately $454,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth $70,225,000. Capital International Investors grew its position in shares of Houlihan Lokey by 56.7% during the fourth quarter. Capital International Investors now owns 792,073 shares of the financial services provider's stock worth $94,977,000 after purchasing an additional 286,746 shares in the last quarter. Sei Investments Co. raised its stake in Houlihan Lokey by 39.1% during the 4th quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider's stock valued at $83,128,000 after purchasing an additional 194,867 shares during the period. Principal Financial Group Inc. grew its holdings in Houlihan Lokey by 819.2% during the 4th quarter. Principal Financial Group Inc. now owns 216,186 shares of the financial services provider's stock valued at $25,923,000 after buying an additional 192,668 shares in the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new position in Houlihan Lokey during the fourth quarter valued at $20,237,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Wall Street Analyst Weigh In

HLI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Morgan Stanley upped their price objective on Houlihan Lokey from $131.00 to $148.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 23rd. UBS Group raised their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $150.25.

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded up $2.18 during trading on Friday, reaching $155.35. 139,706 shares of the company were exchanged, compared to its average volume of 333,240. The firm has a market capitalization of $10.65 billion, a PE ratio of 37.80 and a beta of 0.67. The business's fifty day simple moving average is $142.65 and its 200-day simple moving average is $133.98. Houlihan Lokey, Inc. has a 12-month low of $94.67 and a 12-month high of $156.80.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. During the same period in the previous year, the company posted $0.89 EPS. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be issued a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.28 annualized dividend and a yield of 1.47%. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

Insiders Place Their Bets

In other news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction dated 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the sale, the director now owns 7,001 shares in the company, valued at approximately $1,067,582.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,419 shares of company stock valued at $5,297,213. 25.97% of the stock is owned by 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.