Victory Capital Management Inc. Decreases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,747 shares of the financial services provider's stock after selling 6,191 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Houlihan Lokey worth $6,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in Houlihan Lokey in the 2nd quarter worth about $26,000. Crewe Advisors LLC raised its position in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after buying an additional 164 shares during the last quarter. Accent Capital Management LLC purchased a new position in Houlihan Lokey in the 4th quarter worth about $42,000. Benjamin F. Edwards & Company Inc. raised its position in Houlihan Lokey by 194.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider's stock worth $52,000 after buying an additional 265 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Houlihan Lokey in the 1st quarter worth about $74,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

HLI has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research report on Thursday. They issued an "underweight" rating and a $149.00 target price for the company. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. UBS Group boosted their price target on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target 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. Finally, Morgan Stanley boosted their price target 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $150.00.

Insiders Place Their Bets

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the completion of the transaction, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the sale, the director now directly owns 6,801 shares in the company, valued at $1,035,656.28. The disclosure for this sale can be found here. Insiders sold 19,619 shares of company stock worth $2,818,759 in the last three months. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded up $2.72 during mid-day trading on Monday, reaching $156.80. 221,190 shares of the company traded hands, compared to its average volume of 323,045. The company's 50 day moving average price is $148.61 and its 200-day moving average price is $136.47. The firm has a market cap of $10.90 billion, a PE ratio of 38.19 and a beta of 0.67. 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 quarterly earnings data 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 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 firm's revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, research analysts predict that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were paid a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 annualized dividend and a yield of 1.45%. Houlihan Lokey's payout ratio is 55.47%.

Houlihan Lokey 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.