Envestnet Portfolio Solutions Inc. Has $1.48 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Envestnet Portfolio Solutions Inc. trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 20.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 9,161 shares of the financial services provider's stock after selling 2,361 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Houlihan Lokey were worth $1,480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Houlihan Lokey by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock worth $914,420,000 after purchasing an additional 98,495 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Houlihan Lokey by 6.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider's stock valued at $569,830,000 after buying an additional 208,851 shares during the period. FMR LLC boosted its holdings in Houlihan Lokey by 9.4% during the fourth quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock worth $325,651,000 after buying an additional 161,647 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Houlihan Lokey by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock worth $217,393,000 after buying an additional 20,354 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Houlihan Lokey by 122.7% in the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock valued at $180,815,000 after acquiring an additional 573,745 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $178.71, for a total transaction of $1,431,109.68. The disclosure for this sale can be found here. 23.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley reiterated an "overweight" rating and issued a $192.00 target price (up from $159.00) on shares of Houlihan Lokey in a report on Monday. Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $192.20.

Houlihan Lokey Price Performance

HLI traded up $0.00 during trading on Friday, reaching $182.75. The company had a trading volume of 874,232 shares, compared to its average volume of 353,874. The business's fifty day moving average price is $171.31 and its 200 day moving average price is $170.16. Houlihan Lokey, Inc. has a 12 month low of $130.80 and a 12 month high of $192.10. The company has a market cap of $12.75 billion, a P/E ratio of 31.40 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data 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 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%. Houlihan Lokey's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the company earned $1.27 earnings per share. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were issued a $0.60 dividend. The ex-dividend date was Monday, June 2nd. This is an increase 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 1.31%. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

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.