GHP Investment Advisors Inc. Trims Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

GHP Investment Advisors Inc. lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,262 shares of the financial services provider's stock after selling 3,581 shares during the period. Houlihan Lokey comprises about 0.9% of GHP Investment Advisors Inc.'s portfolio, making the stock its 20th biggest position. GHP Investment Advisors Inc. owned 0.17% of Houlihan Lokey worth $19,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in Houlihan Lokey in the first quarter worth approximately $619,000. QRG Capital Management Inc. increased its holdings in Houlihan Lokey by 9.7% during the 1st 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 in the last quarter. Jones Financial Companies Lllp grew its holdings in Houlihan Lokey by 80.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock worth $979,000 after buying an additional 2,521 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Houlihan Lokey in the first quarter valued at about $313,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Houlihan Lokey during the 1st quarter worth approximately $3,297,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Up 0.0%

Shares of HLI stock traded up $0.00 on Friday, hitting $182.75. 874,232 shares of the stock were exchanged, compared to its average volume of 354,015. The firm's 50 day moving average is $171.31 and its two-hundred day moving average is $170.16. Houlihan Lokey, Inc. has a one year low of $133.48 and a one year high of $192.10. The firm has a market capitalization of $12.75 billion, a PE ratio of 31.40 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. The business had revenue of $666.42 million during the quarter, compared to analyst estimates 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 previous year, the firm earned $1.27 EPS. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The company 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. This is a boost 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%. The ex-dividend date of this dividend was Monday, June 2nd. Houlihan Lokey's dividend payout ratio is presently 41.24%.

Wall Street Analyst Weigh In

HLI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley reissued an "overweight" rating and issued a $192.00 price target (up from $159.00) on shares of Houlihan Lokey in a report on Monday. Wall Street Zen upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $192.20.

Insider Transactions at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of Houlihan Lokey stock in a transaction on Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The disclosure for this sale can be found here. Company insiders own 23.68% of the company's stock.

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.