Dorsey Wright & Associates Acquires 2,044 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Dorsey Wright & Associates lifted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,442 shares of the financial services provider's stock after acquiring an additional 2,044 shares during the period. Dorsey Wright & Associates' holdings in Houlihan Lokey were worth $3,947,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in Houlihan Lokey during the 1st quarter valued at approximately $619,000. New York State Teachers Retirement System raised its stake in shares of Houlihan Lokey by 1.1% during 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 purchasing an additional 200 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Houlihan Lokey in the first quarter worth about $210,000. QRG Capital Management Inc. lifted its holdings in Houlihan Lokey by 9.7% in the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider's stock worth $805,000 after purchasing an additional 439 shares during the period. Finally, GAMMA Investing LLC grew its position in Houlihan Lokey by 145.7% in the 1st quarter. GAMMA Investing LLC now owns 4,250 shares of the financial services provider's stock valued at $686,000 after buying an additional 2,520 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The disclosure for this sale can be found here. Insiders sold 13,508 shares of company stock worth $2,431,670 in the last quarter. 23.68% of the stock is owned by company insiders.

Houlihan Lokey Trading Up 0.6%

HLI stock traded up $1.15 on Thursday, hitting $197.33. 272,028 shares of the company's stock traded hands, compared to its average volume of 400,742. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of 33.91 and a beta of 0.83. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $198.78. The stock has a fifty day moving average of $180.74 and a 200-day moving average of $172.01.

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

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a $0.60 dividend. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HLI shares. Keefe, Bruyette & Woods raised shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from $185.00 to $232.00 in a research note on Monday, July 14th. Morgan Stanley reissued an "overweight" rating and set a $192.00 target price (up previously from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Wall Street Zen raised Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, Wells Fargo & Company boosted their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Houlihan Lokey presently has a consensus rating of "Moderate Buy" and an average target price of $206.40.

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.