Dimensional Fund Advisors LP Purchases 81,182 Shares of Houlihan Lokey, Inc. $HLI

Dimensional Fund Advisors LP increased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 616,519 shares of the financial services provider's stock after purchasing an additional 81,182 shares during the period. Dimensional Fund Advisors LP owned 0.88% of Houlihan Lokey worth $88,540,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Robinhood Asset Management LLC purchased a new position in Houlihan Lokey during the 4th quarter valued at about $6,862,000. Pier Capital LLC grew its holdings in Houlihan Lokey by 62.3% in the fourth quarter. Pier Capital LLC now owns 44,000 shares of the financial services provider's stock worth $7,664,000 after purchasing an additional 16,894 shares during the period. M&T Bank Corp bought a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $4,467,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $1,942,000. Finally, Fenimore Asset Management Inc lifted its holdings in shares of Houlihan Lokey by 16.2% during the fourth quarter. Fenimore Asset Management Inc now owns 123,672 shares of the financial services provider's stock valued at $21,542,000 after purchasing an additional 17,199 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wolfe Research raised Houlihan Lokey from an "underperform" rating to a "peer perform" rating in a research report on Thursday, July 9th. Morgan Stanley reduced their price objective on Houlihan Lokey from $193.00 to $187.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. Bank of America began coverage on Houlihan Lokey in a research note on Friday, July 10th. They set a "buy" rating and a $164.00 price objective for the company. The Goldman Sachs Group set a $164.00 target price on Houlihan Lokey in a report on Friday, July 10th. Finally, US Capital Advisors set a $187.00 target price on Houlihan Lokey in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.50.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $138.83 on Thursday. The firm's 50 day moving average price is $140.38 and its 200-day moving average price is $152.70. The company has a market cap of $9.59 billion, a PE ratio of 22.32, a P/E/G ratio of 1.23 and a beta of 0.95. Houlihan Lokey, Inc. has a 52-week low of $130.72 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.29). The firm had revenue of $511.00 million for the quarter, compared to analysts' expectations of $602.38 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The company's quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.14 EPS. On average, analysts forecast that Houlihan Lokey, Inc. will post 7.91 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.70 dividend. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 2.0%. Houlihan Lokey's payout ratio is currently 45.02%.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the sale, the chairman directly owned 6,265 shares in the company, valued at approximately $941,378.90. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.83% of the company's stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm's core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.

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