5,093 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,093 shares of the financial services provider's stock, valued at approximately $687,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP raised its holdings in shares of Houlihan Lokey by 624.8% in the 1st 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. lifted its holdings 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 valued at $654,300,000 after acquiring an additional 29,843 shares during the period. Sei Investments Co. boosted its stake 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 valued at $93,723,000 after purchasing an additional 37,882 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Houlihan Lokey by 11.7% in the 4th 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 last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Houlihan Lokey by 36.8% during the 4th 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 own 78.07% of the company's stock.

Houlihan Lokey Stock Up 0.7 %

NYSE:HLI traded up $1.20 during trading hours on Monday, hitting $161.50. 198,505 shares of the stock were exchanged, compared to its average volume of 325,536. The company has a market capitalization of $11.08 billion, a P/E ratio of 39.20 and a beta of 0.67. The company's 50 day moving average is $150.66 and its two-hundred day moving average is $137.59. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $162.63.

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

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio is 55.47%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLI. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They set an "underweight" rating and a $149.00 price objective on the stock. 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 report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, UBS Group raised their target price on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $153.00.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Irwin Gold sold 9,902 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. Insiders sold a total of 19,619 shares of company stock valued at $2,818,759 over the last ninety days. Insiders own 25.97% of the company's stock.

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.