3,068 Shares in Houlihan Lokey, Inc. $HLI Purchased by Alamea Verwaltungs GmbH

Key Points

• Alamea Verwaltungs GmbH invested approximately $495,000 in Houlihan Lokey, Inc. by purchasing 3,068 shares in the 1st quarter.
• Institutional investors and hedge funds own 78.07% of Houlihan Lokey's stock, indicating strong institutional interest in the company.
• Houlihan Lokey reported a quarterly EPS of $2.14, exceeding analysts' expectations, along with a revenue growth of 17.8% compared to the previous year.

Alamea Verwaltungs GmbH acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,068 shares of the financial services provider's stock, valued at approximately $495,000.

A number of other large investors have also recently bought and sold shares of HLI. GAMMA Investing LLC boosted its holdings in Houlihan Lokey by 39,574.9% in the first quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock worth $1,108,500,000 after purchasing an additional 684,645 shares in the last quarter. Congress Asset Management Co. bought a new stake in Houlihan Lokey in the first quarter worth $81,420,000. Westfield Capital Management Co. LP bought a new stake in Houlihan Lokey in the first quarter worth $46,236,000. Handelsbanken Fonder AB boosted its holdings in Houlihan Lokey by 1,946.8% in the first quarter. Handelsbanken Fonder AB now owns 275,458 shares of the financial services provider's stock worth $44,486,000 after purchasing an additional 262,000 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in Houlihan Lokey in the first quarter worth $29,919,000. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The disclosure for this sale can be found here. Insiders sold 45,500 shares of company stock valued at $9,010,160 over the last quarter. Corporate insiders own 22.83% of the company's stock.

Houlihan Lokey Stock Performance

Shares of HLI traded up $5.83 during trading hours on Thursday, reaching $197.25. 517,195 shares of the company traded hands, compared to its average volume of 401,599. The stock's fifty day moving average is $192.00 and its 200 day moving average is $175.11. The stock has a market cap of $13.87 billion, a P/E ratio of 33.21 and a beta of 0.86. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $201.63.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.45. The business had revenue of $605.35 million during the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm's revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio is 40.40%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their price target for the company from $185.00 to $232.00 in a report on Monday, July 14th. Wells Fargo & Company upped their price target on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.40.

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.