Geneos Wealth Management Inc. Has $3.31 Million 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. increased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 15.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 20,486 shares of the financial services provider's stock after purchasing an additional 2,703 shares during the period. Geneos Wealth Management Inc.'s holdings in Houlihan Lokey were worth $3,309,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Houlihan Lokey during the 1st quarter valued at $619,000. New York State Teachers Retirement System raised its holdings in shares of Houlihan Lokey by 1.1% during 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 purchasing an additional 200 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Houlihan Lokey in the 1st quarter worth $210,000. QRG Capital Management Inc. raised its holdings in 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 worth $805,000 after acquiring an additional 439 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Houlihan Lokey by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,955 shares of the financial services provider's stock worth $2,738,000 after acquiring an additional 4,056 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Irwin Gold sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $182.81, for a total transaction of $914,050.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Paul Eric Siegert sold 40,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was 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. Insiders have sold a total of 45,500 shares of company stock worth $9,010,160 over the last ninety days. Corporate insiders own 22.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and lifted their target price for the stock from $185.00 to $232.00 in a report on Monday, July 14th. Wells Fargo & Company lifted 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 lifted 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $210.60.

Houlihan Lokey Stock Performance

NYSE HLI traded down $2.91 during trading on Friday, reaching $205.24. 342,286 shares of the company traded hands, compared to its average volume of 388,850. The stock's 50 day moving average price is $194.45 and its two-hundred day moving average price is $176.37. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 34.55 and a beta of 0.86. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $208.50.

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

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.60 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Houlihan Lokey's payout ratio is 40.40%.

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.