GW&K Investment Management LLC Has $67.07 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

GW&K Investment Management LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 415,277 shares of the financial services provider's stock after selling 10,850 shares during the period. GW&K Investment Management LLC owned approximately 0.59% of Houlihan Lokey worth $67,067,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Houlihan Lokey by 67.0% in the first quarter. IFP Advisors Inc now owns 1,678 shares of the financial services provider's stock worth $275,000 after acquiring an additional 673 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of Houlihan Lokey by 59.7% in the first quarter. OneAscent Financial Services LLC now owns 3,176 shares of the financial services provider's stock valued at $516,000 after purchasing an additional 1,187 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Houlihan Lokey by 47.3% in the first quarter. Kestra Private Wealth Services LLC now owns 6,531 shares of the financial services provider's stock valued at $1,055,000 after purchasing an additional 2,098 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Houlihan Lokey by 12.1% in the first quarter. Jennison Associates LLC now owns 344,604 shares of the financial services provider's stock valued at $55,654,000 after purchasing an additional 37,300 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Houlihan Lokey by 4.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 36,398 shares of the financial services provider's stock valued at $5,878,000 after purchasing an additional 1,655 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley reiterated an "overweight" rating and set a $192.00 price target (up from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Wells Fargo & Company raised their target price on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and lifted their price target for the company from $185.00 to $232.00 in a research report on Monday, July 14th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $206.40.

Houlihan Lokey Stock Performance

HLI stock opened at $196.09 on Monday. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $199.14. The business's 50 day moving average price is $179.71 and its two-hundred day moving average price is $171.51. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 33.69 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, topping analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. During the same quarter in the prior year, the business earned $1.27 EPS. The business's revenue for the quarter was up 28.0% on a year-over-year basis. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were given 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 1.22%. The ex-dividend date was Monday, June 2nd. Houlihan Lokey's payout ratio is currently 41.24%.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was 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 through the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,508 shares of company stock valued at $2,431,670. 23.68% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding HLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houlihan Lokey, Inc. (NYSE:HLI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.