Victory Capital Management Inc. Buys 26,522 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 59.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 71,269 shares of the financial services provider's stock after purchasing an additional 26,522 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Houlihan Lokey worth $11,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Houlihan Lokey in the second quarter worth $26,000. Crewe Advisors LLC raised its position in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after buying an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Houlihan Lokey during the 2nd quarter valued at about $38,000. Wolff Wiese Magana LLC purchased a new stake in shares of Houlihan Lokey during the 3rd quarter valued at about $38,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in 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 worth $91,000 after purchasing an additional 277 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Over the last quarter, insiders sold 1,400 shares of company stock worth $219,362. 23.68% of the stock is owned by insiders.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock opened at $186.99 on Thursday. Houlihan Lokey, Inc. has a fifty-two week low of $102.29 and a fifty-two week high of $190.66. The company has a market capitalization of $13.00 billion, a P/E ratio of 38.24 and a beta of 0.65. The company has a fifty day moving average of $168.87 and a 200 day moving average of $150.82.

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

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 46.63%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HLI shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a report on Monday, September 23rd. Finally, StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $157.00.

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.