First Hawaiian Bank Acquires Shares of 9,250 Houlihan Lokey, Inc. (NYSE:HLI)

First Hawaiian Bank acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,250 shares of the financial services provider's stock, valued at approximately $1,494,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nicolet Advisory Services LLC raised its position in Houlihan Lokey by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock worth $258,000 after purchasing an additional 70 shares during the period. CIBC Asset Management Inc grew its holdings in Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after acquiring an additional 77 shares during the last quarter. Mariner LLC grew its holdings in Houlihan Lokey by 0.7% in the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after acquiring an additional 81 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Houlihan Lokey by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider's stock worth $284,000 after acquiring an additional 88 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Houlihan Lokey by 2.5% in the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock worth $655,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley dropped 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 note on Monday, April 7th. Finally, 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 note on Monday, May 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Houlihan Lokey currently has a consensus rating of "Moderate Buy" and an average target price of $185.00.

Houlihan Lokey Price Performance

NYSE:HLI traded down $0.51 during mid-day trading on Wednesday, hitting $174.87. 85,559 shares of the company's stock were exchanged, compared to its average volume of 350,383. Houlihan Lokey, Inc. has a one year low of $127.14 and a one year high of $192.10. The business has a fifty day moving average price of $163.75 and a 200 day moving average price of $171.37. The company has a market cap of $12.20 billion, a PE ratio of 33.37 and a beta of 0.82.

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

Houlihan Lokey Increases Dividend

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

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 value of $1,431,109.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. The disclosure for this sale can be found here. 23.68% of the stock is owned by corporate insiders.

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.