Whittier Trust Co. Has $8.26 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Whittier Trust Co. boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,280 shares of the financial services provider's stock after acquiring an additional 3,050 shares during the quarter. Whittier Trust Co. owned about 0.09% of Houlihan Lokey worth $8,264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 2nd quarter valued at approximately $26,000. Accent Capital Management LLC acquired a new position in Houlihan Lokey during the fourth quarter worth $42,000. Benjamin F. Edwards & Company Inc. raised its holdings 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 purchasing an additional 265 shares during the last quarter. Mather Group LLC. acquired a new position in Houlihan Lokey during the first quarter worth $74,000. Finally, Principal Securities Inc. purchased a new position in Houlihan Lokey during the fourth quarter worth $82,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Houlihan Lokey

In related news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction on 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 directly owns 7,001 shares of the company's stock, valued at approximately $1,067,582.49. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 38,419 shares of company stock valued at $5,297,213. Corporate insiders own 25.97% of the company's stock.

Houlihan Lokey Stock Up 0.1 %

Shares of HLI stock traded up $0.22 during mid-day trading on Thursday, reaching $154.41. The company's stock had a trading volume of 115,672 shares, compared to its average volume of 328,620. The firm has a market capitalization of $10.59 billion, a PE ratio of 37.57 and a beta of 0.67. The company's 50 day simple moving average is $144.35 and its 200-day simple moving average is $134.65. Houlihan Lokey, Inc. has a 12-month low of $94.67 and a 12-month high of $157.58.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company's revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.48%. Houlihan Lokey's dividend payout ratio is currently 55.47%.

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.