Novem Group Makes New $694,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Novem Group acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,999 shares of the financial services provider's stock, valued at approximately $694,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after purchasing an additional 6,483 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Houlihan Lokey by 80.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock worth $979,000 after acquiring an additional 2,521 shares during the period. Union Bancaire Privee UBP SA bought a new position in Houlihan Lokey in the 4th quarter valued at about $1,657,000. Janney Montgomery Scott LLC boosted its holdings in shares of Houlihan Lokey by 1,823.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock valued at $16,550,000 after purchasing an additional 90,343 shares in the last quarter. Finally, Marshall Financial Group LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $903,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

HLI traded up $2.90 during trading on Tuesday, hitting $175.75. 193,563 shares of the stock traded hands, compared to its average volume of 352,389. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10. The firm has a market capitalization of $12.33 billion, a P/E ratio of 33.56 and a beta of 0.82. The firm has a 50-day moving average of $162.48 and a 200 day moving average of $171.73.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $628.25 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The business's revenue for the quarter was up 28.0% on a year-over-year basis. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, June 2nd. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.37%. Houlihan Lokey's dividend payout ratio is presently 41.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price 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. Morgan Stanley reduced their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Wells Fargo & Company lifted their price target on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group lifted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.00.

Insider Activity

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.