Rheos Capital Works Inc. Purchases 25,000 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Rheos Capital Works Inc. boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 65.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,400 shares of the financial services provider's stock after acquiring an additional 25,000 shares during the period. Rheos Capital Works Inc. owned approximately 0.09% of Houlihan Lokey worth $10,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey during the third quarter valued at about $38,000. Hutchens & Kramer Investment Management Group LLC acquired a new stake in Houlihan Lokey during the third quarter valued at approximately $237,000. Koshinski Asset Management Inc. acquired a new stake in Houlihan Lokey during the third quarter valued at approximately $428,000. Exchange Traded Concepts LLC boosted its holdings in Houlihan Lokey by 77.6% during the third quarter. Exchange Traded Concepts LLC now owns 12,289 shares of the financial services provider's stock valued at $1,942,000 after purchasing an additional 5,371 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in Houlihan Lokey during the third quarter valued at approximately $224,000. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Morgan Stanley lifted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a report on Monday, September 23rd. Wells Fargo & Company assumed coverage on Houlihan Lokey in a report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 target price on the stock. Finally, UBS Group boosted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and an average target price of $157.00.

Insiders Place Their Bets

In other Houlihan Lokey 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 transaction was disclosed in a filing with the SEC, which is available at this link. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $1,263,269.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,917 shares of company stock valued at $1,513,129. 25.97% of the stock is currently owned by corporate insiders.

Houlihan Lokey Price Performance

Shares of HLI traded up $2.43 on Thursday, hitting $173.93. The company's stock had a trading volume of 238,858 shares, compared to its average volume of 320,301. The company has a 50 day moving average price of $156.56 and a 200 day moving average price of $142.24. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $174.07. The company has a market capitalization of $11.93 billion, a PE ratio of 41.73 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data 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 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 prior year, the business earned $0.89 EPS. The business's revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio is 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.