Burgundy Asset Management Ltd. Has $161.29 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Burgundy Asset Management Ltd. lessened its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 20.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,195,950 shares of the financial services provider's stock after selling 304,066 shares during the period. Houlihan Lokey makes up 1.7% of Burgundy Asset Management Ltd.'s holdings, making the stock its 21st largest position. Burgundy Asset Management Ltd. owned about 1.74% of Houlihan Lokey worth $161,286,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Quantbot Technologies LP boosted its holdings in Houlihan Lokey by 624.8% during the first quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider's stock worth $932,000 after buying an additional 6,267 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Houlihan Lokey by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider's stock worth $654,300,000 after acquiring an additional 29,843 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Houlihan Lokey by 5.5% in the 1st quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider's stock worth $93,723,000 after acquiring an additional 37,882 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Houlihan Lokey by 11.7% during the fourth quarter. Eagle Asset Management Inc. now owns 118,460 shares of the financial services provider's stock worth $14,205,000 after purchasing an additional 12,419 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Houlihan Lokey by 36.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 165,791 shares of the financial services provider's stock valued at $19,880,000 after purchasing an additional 44,558 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Up 2.3 %

Shares of NYSE:HLI traded up $3.54 during trading on Thursday, reaching $158.32. 290,374 shares of the company traded hands, compared to its average volume of 323,301. The firm has a fifty day simple moving average of $149.89 and a 200 day simple moving average of $137.02. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $160.62. The firm has a market cap of $10.86 billion, a P/E ratio of 38.52 and a beta of 0.67.

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

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. Houlihan Lokey's dividend payout ratio is currently 55.47%.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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. Over the last quarter, insiders have sold 19,619 shares of company stock valued at $2,818,759. 25.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HLI shares. Morgan Stanley cut their price objective on Houlihan Lokey from $148.00 to $146.00 and set an "equal weight" rating on the stock in a report on Wednesday. UBS Group boosted their price target on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective 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. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and an average target price of $149.60.

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.