Edgestream Partners L.P. Has $7.83 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Edgestream Partners L.P. grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 26.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,072 shares of the financial services provider's stock after acquiring an additional 12,058 shares during the quarter. Edgestream Partners L.P. owned 0.08% of Houlihan Lokey worth $7,832,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of Houlihan Lokey by 4.1% during the second quarter. Envestnet Asset Management Inc. now owns 482,779 shares of the financial services provider's stock worth $65,108,000 after acquiring an additional 19,229 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Houlihan Lokey by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 28,523 shares of the financial services provider's stock worth $3,847,000 after purchasing an additional 1,259 shares during the period. Thoroughbred Financial Services LLC bought a new position in Houlihan Lokey during the 2nd quarter worth about $201,000. O Neil Global Advisors Inc. acquired a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $204,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Houlihan Lokey by 1.8% in the second quarter. Daiwa Securities Group Inc. now owns 20,206 shares of the financial services provider's stock valued at $2,725,000 after purchasing an additional 349 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HLI shares. Wells Fargo & Company began coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a report on Tuesday, July 23rd. UBS Group increased their target price 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $150.00.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, General Counsel Christopher M. Crain sold 1,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was 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 can be accessed through this link. Also, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated Friday, June 28th. The shares were 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. In the last 90 days, insiders sold 19,619 shares of company stock valued at $2,818,759. Company insiders own 25.97% of the company's stock.

Houlihan Lokey Stock Performance

Shares of HLI stock traded up $2.50 on Tuesday, hitting $159.30. The company's stock had a trading volume of 261,223 shares, compared to its average volume of 322,699. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $160.62. The company has a market capitalization of $10.93 billion, a PE ratio of 38.92 and a beta of 0.67. The stock's 50 day moving average is $149.06 and its 200-day moving average is $136.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. During the same period in the prior year, the firm posted $0.89 EPS. Houlihan Lokey's quarterly revenue was up 23.6% on a year-over-year basis. On average, research analysts forecast 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 was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, September 3rd. Houlihan Lokey's 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.