Brown Advisory Inc. Decreases Position in Houlihan Lokey, Inc. (NYSE:HLI)

Brown Advisory Inc. lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 187,791 shares of the financial services provider's stock after selling 4,405 shares during the quarter. Brown Advisory Inc. owned approximately 0.27% of Houlihan Lokey worth $30,328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Houlihan Lokey during the first quarter valued at about $619,000. QRG Capital Management Inc. lifted its position in Houlihan Lokey by 9.7% during the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider's stock valued at $805,000 after acquiring an additional 439 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Houlihan Lokey by 1.1% in the first quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider's stock valued at $2,895,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC grew its holdings in Houlihan Lokey by 145.7% in the first quarter. GAMMA Investing LLC now owns 4,250 shares of the financial services provider's stock worth $686,000 after purchasing an additional 2,520 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Houlihan Lokey by 129.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the financial services provider's stock worth $583,000 after purchasing an additional 2,036 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Down 0.7%

Houlihan Lokey stock traded down $1.34 during mid-day trading on Friday, hitting $189.41. The company had a trading volume of 353,005 shares, compared to its average volume of 359,723. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 32.54 and a beta of 0.83. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $192.44. The company's fifty day moving average is $177.06 and its 200-day moving average is $170.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly 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. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. The firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. During the same period in the prior year, the firm posted $1.27 earnings per share. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were given a dividend of $0.60 per share. The ex-dividend date was 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 1.27%. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

Analysts Set New Price Targets

HLI has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday. Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $192.00 target price (up from $159.00) on shares of Houlihan Lokey in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $197.00.

Insider Activity at Houlihan Lokey

In related news, Chairman Irwin Gold sold 5,000 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $182.81, for a total value of $914,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott L. Beiser sold 8,008 shares of the business'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 disclosure for this sale can be found here. Insiders sold a total of 13,508 shares of company stock worth $2,431,670 in the last 90 days. Corporate 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.