Hanlon Investment Management Inc. Invests $753,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Hanlon Investment Management Inc. bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,767 shares of the financial services provider's stock, valued at approximately $753,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Houlihan Lokey by 0.6% in the 1st 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 lifted its position in shares of Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock valued at $441,507,000 after buying an additional 62,314 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Houlihan Lokey by 1.3% during 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 purchasing an additional 38,155 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Houlihan Lokey by 6.2% during the 2nd quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider's stock worth $104,697,000 after buying an additional 45,205 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Houlihan Lokey by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 517,952 shares of the financial services provider's stock worth $69,851,000 after purchasing an additional 6,291 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Scott L. Beiser sold 8,317 shares of the business'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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the firm'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 directly owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,917 shares of company stock worth $1,513,129. 23.68% of the stock is owned by company insiders.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded up $0.86 on Tuesday, hitting $171.28. The company had a trading volume of 353,535 shares, compared to its average volume of 322,139. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 35.08 and a beta of 0.65. Houlihan Lokey, Inc. has a 1 year low of $100.92 and a 1 year high of $175.73. The stock has a 50 day moving average of $161.27 and a 200-day moving average of $146.20.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm's revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.11 earnings per share. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

Analyst Upgrades and Downgrades

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

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.