Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 180,345 shares of the financial services provider's stock after purchasing an additional 3,164 shares during the quarter. Houlihan Lokey accounts for about 3.8% of Barlow Wealth Partners Inc.'s investment portfolio, making the stock its 3rd largest holding. Barlow Wealth Partners Inc. owned 0.26% of Houlihan Lokey worth $29,001,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its stake in Houlihan Lokey by 0.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider's stock valued at $2,345,000 after purchasing an additional 97 shares during the period. Park Avenue Securities LLC raised its position in Houlihan Lokey by 1.4% during the second quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider's stock valued at $1,151,000 after buying an additional 120 shares during the period. Portside Wealth Group LLC lifted its stake in Houlihan Lokey by 6.3% in the 2nd quarter. Portside Wealth Group LLC now owns 2,224 shares of the financial services provider's stock worth $300,000 after acquiring an additional 131 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Houlihan Lokey by 27.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider's stock worth $100,000 after acquiring an additional 162 shares during the period. Finally, Crewe Advisors LLC boosted its position in Houlihan Lokey by 264.5% during the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after acquiring an additional 164 shares during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded up $2.42 during midday trading on Wednesday, reaching $166.27. 223,352 shares of the company's stock traded hands, compared to its average volume of 322,870. Houlihan Lokey, Inc. has a 52 week low of $94.67 and a 52 week high of $166.45. The company's 50 day simple moving average is $154.27 and its 200 day simple moving average is $140.79. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 40.45 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. The company 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 business's revenue was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.54 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.37%. Houlihan Lokey's payout ratio is currently 55.47%.

Wall Street Analyst Weigh In

HLI has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut 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. UBS Group boosted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company assumed coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $157.00.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey 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 filing with the SEC, which is available at the SEC website. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the firm'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 value of $1,263,269.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,717 shares of company stock worth $1,479,513 over the last 90 days. Insiders own 25.97% of the company's stock.

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.