Vanguard Personalized Indexing Management LLC Has $932,000 Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Vanguard Personalized Indexing Management LLC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 28.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,923 shares of the financial services provider’s stock after buying an additional 1,520 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Houlihan Lokey were worth $932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in shares of Houlihan Lokey by 2.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 63,972 shares of the financial services provider’s stock worth $8,627,000 after purchasing an additional 1,467 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in Houlihan Lokey by 26.2% in the second quarter. Edgestream Partners L.P. now owns 58,072 shares of the financial services provider’s stock worth $7,832,000 after acquiring an additional 12,058 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Houlihan Lokey by 4.1% in the second quarter. Envestnet Asset Management Inc. now owns 482,779 shares of the financial services provider’s stock valued at $65,108,000 after acquiring an additional 19,229 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Houlihan Lokey by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 28,523 shares of the financial services provider’s stock valued at $3,847,000 after acquiring an additional 1,259 shares during the period. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Houlihan Lokey during the second quarter valued at approximately $201,000. 78.07% of the stock is currently owned by institutional investors.

Insider Transactions at Houlihan Lokey

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 transaction of $30,456.00. Following the completion of the transaction, the director now directly owns 6,801 shares in the company, valued at $1,035,656.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the sale, the director now owns 6,801 shares in the company, valued at approximately $1,035,656.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,619 shares of company stock valued at $2,818,759. 25.97% of the stock is currently owned by company insiders.

Houlihan Lokey Price Performance

Shares of HLI opened at $161.50 on Tuesday. The firm has a market cap of $11.08 billion, a PE ratio of 39.29 and a beta of 0.67. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $162.63. The stock’s fifty day moving average price is $151.00 and its two-hundred day moving average price is $137.85.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. The company had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HLI. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price objective for the company. Morgan Stanley lifted their price target on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group increased their price objective on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $153.00.

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.