Emerald Advisers LLC Has $11.81 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Emerald Advisers LLC lowered its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 46.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,583 shares of the financial services provider's stock after selling 77,484 shares during the period. Emerald Advisers LLC owned about 0.13% of Houlihan Lokey worth $11,811,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Weil Company Inc. increased its stake in Houlihan Lokey by 14.7% in the second quarter. Weil Company Inc. now owns 39,577 shares of the financial services provider's stock valued at $5,337,000 after purchasing an additional 5,081 shares during the last quarter. Arizona State Retirement System grew its holdings in Houlihan Lokey by 2.5% in the second quarter. Arizona State Retirement System now owns 14,590 shares of the financial services provider's stock valued at $1,968,000 after purchasing an additional 360 shares during the last quarter. Chase Investment Counsel Corp purchased a new stake in Houlihan Lokey in the 2nd quarter valued at approximately $3,260,000. TD Asset Management Inc boosted its stake in shares of Houlihan Lokey by 204.3% during the second quarter. TD Asset Management Inc now owns 7,000 shares of the financial services provider's stock valued at $944,000 after acquiring an additional 4,700 shares during the last quarter. Finally, FineMark National Bank & Trust grew its holdings in shares of Houlihan Lokey by 2.3% during the second quarter. FineMark National Bank & Trust now owns 48,800 shares of the financial services provider's stock worth $6,581,000 after buying an additional 1,076 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Houlihan Lokey

In other 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 transaction of $155,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the business'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 value of $30,498.00. Following the transaction, the director now owns 7,001 shares of the company's stock, valued at $1,067,582.49. The disclosure for this sale can be found here. Insiders sold 19,419 shares of company stock worth $2,788,303 in the last 90 days. 25.97% of the stock is currently owned by company insiders.

Houlihan Lokey Stock Performance

Shares of NYSE HLI traded down $3.10 during trading on Friday, reaching $148.90. The stock had a trading volume of 288,177 shares, compared to its average volume of 325,159. The stock has a market cap of $10.21 billion, a PE ratio of 36.23 and a beta of 0.67. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $157.58. The firm's 50 day moving average price is $146.86 and its two-hundred day moving average price is $135.70.

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 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 net margin of 15.30% and a return on equity of 18.80%. The firm's revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. On average, research analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business 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. This represents a $2.28 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is 55.47%.

Analysts Set New Price Targets

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

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.