Van Berkom & Associates Inc. Reduces Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Van Berkom & Associates Inc. reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 659,118 shares of the financial services provider's stock after selling 44,870 shares during the period. Houlihan Lokey comprises 2.7% of Van Berkom & Associates Inc.'s investment portfolio, making the stock its 14th largest holding. Van Berkom & Associates Inc. owned approximately 0.96% of Houlihan Lokey worth $88,889,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Houlihan Lokey by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider's stock worth $654,300,000 after buying an additional 29,843 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Houlihan Lokey by 2.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider's stock valued at $205,583,000 after purchasing an additional 46,443 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Houlihan Lokey by 3.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,195,597 shares of the financial services provider's stock worth $143,364,000 after purchasing an additional 39,705 shares during the last quarter. Capital International Investors grew its stake 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. Finally, Sei Investments Co. increased its holdings in Houlihan Lokey by 5.5% in the first quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider's stock valued at $93,723,000 after buying an additional 37,882 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Trading Up 2.5 %

Shares of NYSE HLI traded up $3.76 during trading hours on Monday, reaching $152.66. The stock had a trading volume of 353,448 shares, compared to its average volume of 325,323. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 37.14 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $157.58. The firm has a 50-day moving average of $147.21 and a 200-day moving average of $135.85.

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, hitting analysts' consensus estimates of $1.22. The business had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company's revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.49%. Houlihan Lokey's dividend payout ratio (DPR) is 55.47%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company's 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 filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey 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 document filed 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 on Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. 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 currently 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.