Chase Investment Counsel Corp Takes $3.18 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Chase Investment Counsel Corp acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 23,607 shares of the financial services provider's stock, valued at approximately $3,183,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Houlihan Lokey by 0.6% in 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 in the last quarter. Earnest Partners LLC grew its holdings in Houlihan Lokey by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock worth $441,507,000 after acquiring an additional 62,314 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Houlihan Lokey by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider's stock valued at $416,434,000 after buying an additional 38,155 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of Houlihan Lokey by 2.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider's stock worth $205,583,000 after buying an additional 46,443 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its holdings in shares of Houlihan Lokey by 3.4% in 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 in the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HLI shares. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price objective for the company. UBS Group upped their price objective 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. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research 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, Morgan Stanley raised their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $153.00.

Insider Transactions at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,317 shares of the business'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 is available at this hyperlink. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the sale, the director now owns 7,001 shares of the company's stock, valued at approximately $1,067,582.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,717 shares of company stock valued at $1,479,513. 25.97% of the stock is currently owned by insiders.

Houlihan Lokey Price Performance

HLI stock traded up $0.32 during trading on Monday, hitting $157.98. 515,515 shares of the company traded hands, compared to its average volume of 324,137. The stock's 50-day simple moving average is $152.27 and its 200 day simple moving average is $139.08. The company has a market cap of $10.83 billion, a PE ratio of 38.44 and a beta of 0.67. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $162.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The firm had revenue of $514.00 million during the quarter, compared to analysts' expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. Houlihan Lokey's revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. Research analysts expect that Houlihan Lokey, Inc. will post 5.54 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.44%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

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.