20,413 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,413 shares of the financial services provider's stock, valued at approximately $3,297,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Trust Co. NA purchased a new stake in Houlihan Lokey in the fourth quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Houlihan Lokey during the first quarter valued at approximately $54,000. Versant Capital Management Inc increased its holdings in Houlihan Lokey by 744.2% during the first quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock valued at $59,000 after buying an additional 320 shares during the period. VisionPoint Advisory Group LLC purchased a new stake in Houlihan Lokey during the fourth quarter worth $62,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Houlihan Lokey in the 4th quarter worth $105,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HLI shares. Morgan Stanley lowered their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Wells Fargo & Company boosted their price target on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen raised Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $185.00.

Houlihan Lokey Stock Down 2.1%

Shares of Houlihan Lokey stock traded down $3.65 during mid-day trading on Friday, hitting $171.79. The stock had a trading volume of 132,944 shares, compared to its average volume of 350,049. The firm has a market cap of $11.99 billion, a P/E ratio of 32.79 and a beta of 0.83. The firm has a 50-day moving average of $166.42 and a two-hundred day moving average of $170.89. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The firm had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. During the same period in the previous year, the firm earned $1.27 EPS. Houlihan Lokey's revenue was up 28.0% on a year-over-year basis. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, June 2nd. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a yield of 1.40%. Houlihan Lokey's dividend payout ratio is 41.24%.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The disclosure for this sale can be found here. Corporate 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.