Orion Portfolio Solutions LLC Boosts Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Orion Portfolio Solutions LLC raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 147.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 7,921 shares of the financial services provider's stock after purchasing an additional 4,725 shares during the period. Orion Portfolio Solutions LLC's holdings in Houlihan Lokey were worth $1,252,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HLI. Bridges Investment Management Inc. acquired a new stake in shares of Houlihan Lokey in the second quarter worth $619,000. Natixis Advisors LLC grew its stake in shares of Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock worth $63,111,000 after purchasing an additional 9,768 shares during the period. XTX Topco Ltd acquired a new position in shares of Houlihan Lokey in the 2nd quarter valued at $687,000. &PARTNERS acquired a new position in shares of Houlihan Lokey in the 2nd quarter valued at $454,000. Finally, Chase Investment Counsel Corp acquired a new stake in Houlihan Lokey during the second quarter valued at $3,260,000. 78.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HLI. Morgan Stanley lowered Houlihan Lokey from an "equal weight" rating to an "underweight" rating and lifted their price target for the company from $171.00 to $200.00 in a research note on Monday, December 9th. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the stock an "underweight" rating in a research note on Thursday. Finally, UBS Group increased their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $170.60.

Houlihan Lokey Price Performance

NYSE HLI traded down $2.56 during trading hours on Friday, hitting $177.53. 354,952 shares of the company's stock traded hands, compared to its average volume of 320,121. The firm's 50-day moving average is $177.92 and its 200-day moving average is $156.94. Houlihan Lokey, Inc. has a 52-week low of $112.17 and a 52-week high of $192.10. The company has a market capitalization of $12.34 billion, a PE ratio of 36.30 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly 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 firm had revenue of $574.96 million during the quarter, compared to analysts' expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business's revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. Houlihan Lokey's payout ratio is 46.63%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction 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 sale, the director now owns 6,601 shares of the company's stock, valued at $1,109,496.08. This trade represents a 2.94 % 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. 23.68% of the stock is currently owned by insiders.

Houlihan Lokey 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.