Barlow Wealth Partners Inc. Has $25.30 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Barlow Wealth Partners Inc. raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,181 shares of the financial services provider's stock after purchasing an additional 3,575 shares during the period. Houlihan Lokey accounts for about 3.5% of Barlow Wealth Partners Inc.'s holdings, making the stock its 5th largest holding. Barlow Wealth Partners Inc. owned about 0.26% of Houlihan Lokey worth $25,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ameritas Investment Partners Inc. grew its stake in shares of Houlihan Lokey by 0.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider's stock worth $2,345,000 after buying an additional 97 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Houlihan Lokey by 3.3% in the 4th quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider's stock worth $383,000 after buying an additional 102 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Houlihan Lokey by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider's stock worth $1,151,000 after buying an additional 120 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Houlihan Lokey by 12.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,139 shares of the financial services provider's stock worth $137,000 after buying an additional 123 shares during the last quarter. Finally, Portside Wealth Group LLC grew its stake in shares of Houlihan Lokey by 6.3% in the 2nd quarter. Portside Wealth Group LLC now owns 2,224 shares of the financial services provider's stock worth $300,000 after buying an additional 131 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

HLI has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Morgan Stanley increased their target price on Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Finally, UBS Group increased their target price on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $150.25.

Insider Activity

In other news, Chairman Irwin Gold sold 9,902 shares of the firm's stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David A. Preiser sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The disclosure for this sale can be found here. Insiders sold a total of 38,419 shares of company stock worth $5,297,213 over the last 90 days. Corporate insiders own 25.97% of the company's stock.

Houlihan Lokey Trading Up 1.4 %

Houlihan Lokey stock traded up $2.21 during trading on Friday, reaching $156.62. The company had a trading volume of 196,871 shares, compared to its average volume of 327,836. Houlihan Lokey, Inc. has a 52 week low of $94.67 and a 52 week high of $157.58. The firm's 50-day simple moving average is $144.89 and its 200 day simple moving average is $134.85. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 38.11 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting analysts' consensus estimates of $1.22. The company had revenue of $514.00 million for the quarter, compared to analysts' expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. Houlihan Lokey's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period last year, the firm earned $0.89 EPS. On average, analysts predict that Houlihan Lokey, Inc. will post 5.67 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be issued 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 yield of 1.46%. Houlihan Lokey's dividend payout ratio is presently 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.

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