Avior Wealth Management LLC Has $1.38 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Avior Wealth Management LLC reduced its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,530 shares of the financial services provider's stock after selling 2,688 shares during the period. Avior Wealth Management LLC's holdings in Houlihan Lokey were worth $1,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Houlihan Lokey during the 1st quarter worth about $619,000. Jones Financial Companies Lllp lifted its holdings in shares of Houlihan Lokey by 80.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock worth $979,000 after buying an additional 2,521 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Houlihan Lokey during the first quarter worth $3,297,000. New York State Teachers Retirement System lifted its holdings in shares of Houlihan Lokey by 2.8% during the fourth quarter. New York State Teachers Retirement System now owns 17,726 shares of the financial services provider's stock worth $3,078,000 after buying an additional 488 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Houlihan Lokey by 44.4% during the first quarter. Exchange Traded Concepts LLC now owns 20,347 shares of the financial services provider's stock worth $3,286,000 after buying an additional 6,255 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HLI shares. Keefe, Bruyette & Woods lifted their target price on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Morgan Stanley decreased their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company raised their price target on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of "Moderate Buy" and a consensus target price of $185.00.

Houlihan Lokey Stock Down 0.2%

Houlihan Lokey stock opened at $172.81 on Friday. Houlihan Lokey, Inc. has a 12-month low of $129.32 and a 12-month high of $192.10. The business's 50-day moving average price is $169.19 and its two-hundred day moving average price is $170.25. The stock has a market cap of $12.06 billion, a PE ratio of 29.69 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. 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 previous year, the business 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, analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's payout ratio is currently 41.24%.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $178.71, for a total value of $1,431,109.68. The disclosure for this sale can be found here. Company insiders own 23.68% of the company's stock.

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.

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