D. E. Shaw & Co. Inc. Purchases 4,483 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

D. E. Shaw & Co. Inc. grew its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,477 shares of the financial services provider's stock after purchasing an additional 4,483 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Houlihan Lokey were worth $2,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC boosted its position in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after buying an additional 6,483 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Houlihan Lokey by 12.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider's stock valued at $241,000 after acquiring an additional 150 shares during the last quarter. Barlow Wealth Partners Inc. boosted its holdings in shares of Houlihan Lokey by 11.8% during the 4th quarter. Barlow Wealth Partners Inc. now owns 201,650 shares of the financial services provider's stock valued at $35,351,000 after acquiring an additional 21,305 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Houlihan Lokey by 1,148.7% during the 4th quarter. SG Americas Securities LLC now owns 18,081 shares of the financial services provider's stock valued at $3,140,000 after acquiring an additional 16,633 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Houlihan Lokey by 1,823.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock worth $16,550,000 after acquiring an additional 90,343 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Trading Down 0.1%

HLI stock traded down $0.18 during trading on Monday, hitting $172.96. The company had a trading volume of 258,016 shares, compared to its average volume of 352,988. The stock has a market cap of $12.13 billion, a PE ratio of 33.01 and a beta of 0.82. The business has a 50-day moving average of $162.48 and a 200-day moving average of $171.73. Houlihan Lokey, Inc. has a one year low of $127.14 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. During the same period in the prior year, the firm posted $1.27 EPS. The company's quarterly revenue was up 28.0% on a year-over-year basis. Research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be given a $0.60 dividend. The ex-dividend date is Monday, June 2nd. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a dividend yield of 1.39%. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

Insider Activity

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $178.71, for a total value of $1,431,109.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 23.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

HLI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. UBS Group lifted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Morgan Stanley reduced 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.00.

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.