Geneos Wealth Management Inc. Has $3.31 Million Stock Position in Houlihan Lokey, Inc. $HLI

Key Points

• Geneos Wealth Management Inc. increased its stake in Houlihan Lokey, Inc. (HLI) by 15.2% in Q1, bringing its total holdings to $3,309,000.
• The company recently announced a quarterly dividend of $0.60 per share, with a total yield of 1.2%.
• Houlihan Lokey's stock rose by 2.0% to open at $200.70, with a market cap of $14.11 billion and a P/E ratio of 33.79.

Geneos Wealth Management Inc. grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,486 shares of the financial services provider's stock after buying an additional 2,703 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Houlihan Lokey were worth $3,309,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at $619,000. New York State Teachers Retirement System raised its stake in shares of Houlihan Lokey by 1.1% in the 1st 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 buying an additional 200 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at $210,000. QRG Capital Management Inc. raised its stake in shares of Houlihan Lokey by 9.7% in the 1st quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider's stock valued at $805,000 after buying an additional 439 shares in the last quarter. Finally, Amundi raised its stake in shares of Houlihan Lokey by 404.0% in the 1st quarter. Amundi now owns 63,433 shares of the financial services provider's stock valued at $9,725,000 after buying an additional 50,847 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HLI shares. Wall Street Zen lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods raised shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their target price for the stock from $185.00 to $232.00 in a report on Monday, July 14th. Wells Fargo & Company upped their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Morgan Stanley upped their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.60.

Houlihan Lokey Stock Down 0.3%

NYSE:HLI traded down $0.60 during mid-day trading on Tuesday, reaching $202.41. 66,712 shares of the company were exchanged, compared to its average volume of 402,356. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $208.50. The company has a fifty day moving average of $194.80 and a 200 day moving average of $176.62. The stock has a market cap of $14.23 billion, a PE ratio of 34.08 and a beta of 0.86.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results 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 company had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company's revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio (DPR) is 40.40%.

Insider Activity

In other news, Chairman Irwin Gold sold 5,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total transaction of $7,998,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,500 shares of company stock valued at $9,010,160. 22.83% of the stock is currently owned by insiders.

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.