Geneos Wealth Management Inc. Grows Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Geneos Wealth Management Inc. grew its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 97.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,045 shares of the financial services provider's stock after purchasing an additional 17,262 shares during the period. Geneos Wealth Management Inc.'s holdings in Houlihan Lokey were worth $5,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Nicolet Advisory Services LLC grew its position in Houlihan Lokey by 4.8% in the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock worth $258,000 after acquiring an additional 70 shares during the period. Bogart Wealth LLC grew its position in Houlihan Lokey by 111.1% in the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock worth $25,000 after acquiring an additional 80 shares during the period. Mariner LLC grew its position in Houlihan Lokey by 0.7% in the fourth quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after acquiring an additional 81 shares during the period. First Horizon Advisors Inc. grew its position in Houlihan Lokey by 17.5% in the first quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock worth $89,000 after acquiring an additional 82 shares during the period. Finally, Benjamin Edwards Inc. grew its position in Houlihan Lokey by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider's stock worth $284,000 after acquiring an additional 88 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of the firm's stock in a transaction on 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 SEC, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total value of $86,510.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,508 shares of company stock worth $2,431,670. Corporate insiders own 23.68% of the company's stock.

Houlihan Lokey Price Performance

Shares of NYSE HLI traded down $0.92 during mid-day trading on Friday, hitting $189.74. The company had a trading volume of 356,403 shares, compared to its average volume of 408,728. The company has a market capitalization of $13.24 billion, a PE ratio of 31.94 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 business's 50-day simple moving average is $182.69 and its 200 day simple moving average is $172.96.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.45. The business had revenue of $605.35 million for the quarter, compared to analysts' expectations of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%. The company's revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 40.40%.

Analysts Set New Price Targets

HLI has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating and set a $192.00 price target (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Wells Fargo & Company upped their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods upgraded 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. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.40.

About Houlihan Lokey

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.