TrinityPoint Wealth LLC Invests $245,000 in Houlihan Lokey, Inc. (NYSE:HLI)

TrinityPoint Wealth LLC acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,411 shares of the financial services provider's stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth $143,559,000. Norges Bank purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth $114,047,000. Invesco Ltd. boosted its position in shares of Houlihan Lokey by 122.7% during the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after purchasing an additional 573,745 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Houlihan Lokey by 731.6% during the 4th quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock worth $60,341,000 after purchasing an additional 305,685 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after purchasing an additional 237,615 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.68% of the company's stock.

Houlihan Lokey Stock Performance

HLI stock traded down $0.18 during trading on Friday, hitting $172.96. The stock had a trading volume of 258,016 shares, compared to its average volume of 352,988. The company's 50 day moving average price is $162.28 and its two-hundred day moving average price is $171.90. Houlihan Lokey, Inc. has a 1-year low of $127.14 and a 1-year high of $192.10. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 33.01 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The firm had revenue of $666.42 million during the quarter, compared to the consensus estimate of $628.25 million. During the same quarter in the previous year, the company posted $1.27 EPS. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be paid a $0.60 dividend. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.40 annualized dividend and a yield of 1.39%. Houlihan Lokey's payout ratio is presently 41.24%.

Analysts Set New Price Targets

HLI has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.00.

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.