Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 203,814 shares of the financial services provider's stock after buying an additional 2,164 shares during the quarter. Houlihan Lokey makes up 4.2% of Barlow Wealth Partners Inc.'s portfolio, making the stock its 5th biggest position. Barlow Wealth Partners Inc. owned approximately 0.29% of Houlihan Lokey worth $32,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HLI. Nicolet Advisory Services LLC lifted its holdings in Houlihan Lokey by 4.8% in the fourth 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. Mariner LLC raised its position in shares of Houlihan Lokey by 0.7% during the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after buying an additional 81 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Houlihan Lokey by 17.5% in the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock worth $89,000 after acquiring an additional 82 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of 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 period. Finally, M&T Bank Corp boosted its holdings in shares of Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after acquiring an additional 92 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Irwin Gold sold 5,000 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $182.81, for a total value of $914,050.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 13,508 shares of company stock valued at $2,431,670 over the last quarter. Corporate insiders own 23.68% of the company's stock.

Houlihan Lokey Price Performance

Shares of NYSE HLI traded up $2.04 during trading hours on Friday, hitting $185.51. 265,347 shares of the stock were exchanged, compared to its average volume of 356,731. Houlihan Lokey, Inc. has a one year low of $133.48 and a one year high of $192.10. The company's 50 day moving average is $174.61 and its 200 day moving average is $170.34. The firm has a market capitalization of $12.95 billion, a P/E ratio of 31.87 and a beta of 0.83.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The business had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. Houlihan Lokey's revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were paid a $0.60 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.29%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's payout ratio is presently 41.24%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Morgan Stanley reissued an "overweight" rating and issued a $192.00 price target (up from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company boosted their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Houlihan Lokey has a consensus rating of "Hold" and an average target price of $192.20.

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.