Victory Capital Management Inc. Raises Position in Houlihan Lokey, Inc. (NYSE:HLI)

Victory Capital Management Inc. boosted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 59.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,269 shares of the financial services provider’s stock after acquiring an additional 26,522 shares during the period. Victory Capital Management Inc. owned 0.10% of Houlihan Lokey worth $11,262,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HLI. Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey during the second quarter worth about $26,000. Crewe Advisors LLC boosted its stake in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey during the second quarter worth about $38,000. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the third quarter worth about $38,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Houlihan Lokey by 69.1% during the second 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.

Houlihan Lokey Stock Up 1.1 %

Shares of Houlihan Lokey stock opened at $186.99 on Thursday. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 38.24 and a beta of 0.65. The company’s 50 day moving average is $168.87 and its 200 day moving average is $150.82. Houlihan Lokey, Inc. has a twelve month low of $102.29 and a twelve month high of $190.66.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million for 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 company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.22%. Houlihan Lokey’s payout ratio is 46.63%.

Analysts Set New Price Targets

HLI has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of 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 cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.00.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a filing 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 dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,400 shares of company stock valued at $219,362. Corporate insiders own 23.68% of the company’s stock.

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.