GHP Investment Advisors Inc. Has $20.29 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

GHP Investment Advisors Inc. lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,390 shares of the financial services provider's stock after selling 3,082 shares during the period. Houlihan Lokey comprises 0.9% of GHP Investment Advisors Inc.'s portfolio, making the stock its 17th largest holding. GHP Investment Advisors Inc. owned approximately 0.19% of Houlihan Lokey worth $20,288,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 2nd quarter valued at $26,000. Crewe Advisors LLC boosted its stake in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Wolff Wiese Magana LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Houlihan Lokey in the 2nd quarter valued at $38,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HLI shares. Morgan Stanley lifted their price target 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 started coverage on Houlihan Lokey in a report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price target for the company. UBS Group lifted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. 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 report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $157.00.

Houlihan Lokey Trading Down 1.2 %

Shares of HLI stock traded down $2.04 on Friday, reaching $166.01. The company had a trading volume of 153,678 shares, compared to its average volume of 277,670. The stock has a market cap of $11.54 billion, a PE ratio of 36.81 and a beta of 0.66. The company has a 50-day moving average of $159.39 and a 200-day moving average of $144.21. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $175.21.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data 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. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. During the same period in the previous year, the firm earned $0.89 EPS. Houlihan Lokey's quarterly revenue was up 23.6% compared to the same quarter last year. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared 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. This represents a $2.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is currently 50.55%.

Insiders Place Their Bets

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares of the company's stock, valued at $1,109,496.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares of the company's stock, valued at $1,109,496.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders sold a total of 9,917 shares of company stock valued at $1,513,129 in the last quarter. 23.68% of the stock is currently owned by insiders.

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.