Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Weil Company Inc.

Weil Company Inc. raised its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 14.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,577 shares of the financial services provider's stock after buying an additional 5,081 shares during the period. Houlihan Lokey comprises about 1.9% of Weil Company Inc.'s portfolio, making the stock its 14th largest holding. Weil Company Inc. owned approximately 0.06% of Houlihan Lokey worth $5,337,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley boosted their target price 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 boosted their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed 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. Finally, JPMorgan Chase & Co. reduced 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 report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and an average price target of $150.25.

Houlihan Lokey Price Performance

Shares of HLI stock traded down $3.10 during trading on Friday, hitting $148.90. 288,177 shares of the stock traded hands, compared to its average volume of 325,159. The firm has a market capitalization of $10.21 billion, a P/E ratio of 36.23 and a beta of 0.67. The firm's fifty day moving average price is $146.86 and its 200-day moving average price is $135.66. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $157.58.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.22. The company had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm's quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 earnings per share. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, September 3rd. Houlihan Lokey's payout ratio is 55.47%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the business's stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 9,902 shares of the business's stock in a transaction on Friday, June 28th. The stock was 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. Insiders have sold a total of 19,419 shares of company stock valued at $2,788,303 over the last quarter. 25.97% of the stock is owned by company 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.