Vanguard Group Inc. Increases Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Vanguard Group Inc. grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,074,300 shares of the financial services provider’s stock after buying an additional 143,560 shares during the quarter. Vanguard Group Inc. owned approximately 7.34% of Houlihan Lokey worth $608,459,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Anchor Investment Management LLC bought a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $54,000. Principal Securities Inc. bought a new position in Houlihan Lokey in the 4th quarter worth $82,000. GAMMA Investing LLC purchased a new stake in shares of Houlihan Lokey in the 4th quarter worth about $85,000. Planned Solutions Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $87,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Houlihan Lokey by 12.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,139 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 123 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.97% of the stock is owned by insiders.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $129.79 on Monday. Houlihan Lokey, Inc. has a 1 year low of $92.51 and a 1 year high of $137.92. The firm has a 50-day moving average of $131.29 and a 200 day moving average of $126.19. The stock has a market cap of $8.90 billion, a P/E ratio of 31.58 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. The firm had revenue of $520.46 million during the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business earned $1.11 earnings per share. Research analysts expect that Houlihan Lokey, Inc. will post 5.72 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.57 per share. The ex-dividend date was Monday, June 3rd. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 1.76%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 55.47%.

Wall Street Analysts Forecast Growth

HLI has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group dropped their price target on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th.

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.