Victory Capital Management Inc. Boosts Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 59.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,269 shares of the financial services provider's stock after acquiring an additional 26,522 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Houlihan Lokey worth $11,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Houlihan Lokey during the second quarter valued at approximately $26,000. Crewe Advisors LLC increased its position in shares of Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock valued at $30,000 after buying an additional 164 shares during the period. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey in the third quarter worth about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Houlihan Lokey during the 2nd quarter worth approximately $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its position 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 worth $91,000 after acquiring an additional 277 shares in the last quarter. Institutional investors own 78.07% of the company's stock.

Insider Transactions at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value 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 represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction 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 1,400 shares of company stock valued at $219,362 over the last 90 days. 23.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HLI has been the subject of a number of research reports. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday. UBS Group raised their target price 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. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company began coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $157.00.

Houlihan Lokey Trading Up 0.9 %

Shares of NYSE:HLI traded up $1.71 on Thursday, hitting $188.66. 298,627 shares of the company were exchanged, compared to its average volume of 321,453. Houlihan Lokey, Inc. has a 1-year low of $102.68 and a 1-year high of $191.39. The firm has a market capitalization of $13.11 billion, a P/E ratio of 38.24 and a beta of 0.65. The stock's 50 day moving average price is $168.87 and its 200 day moving average price is $150.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The firm had revenue of $574.96 million for 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%. Houlihan Lokey's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.21%. Houlihan Lokey's dividend payout ratio is currently 46.63%.

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.