Versor Investments LP Has $323,000 Stake in Houlihan Lokey, Inc. $HLI

Key Points

• Versor Investments LP reduced its stake in Houlihan Lokey, Inc. by 57.2%, now holding 2,000 shares worth $323,000 after selling 2,671 shares in the first quarter.
• GAMMA Investing LLC significantly increased its holdings in Houlihan Lokey by 39,574.9%, acquiring 686,375 shares valued at over $1.1 billion, marking a major investment in the company.
• Houlihan Lokey announced a quarterly dividend of $0.60 per share, contributing to an annualized yield of 1.2%, with a payout ratio of 40.40%.

Versor Investments LP lessened its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 57.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the financial services provider's stock after selling 2,671 shares during the period. Versor Investments LP's holdings in Houlihan Lokey were worth $323,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Motco bought a new position in Houlihan Lokey during the 1st quarter worth about $29,000. TCTC Holdings LLC increased its holdings in Houlihan Lokey by 103.5% during the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider's stock worth $37,000 after purchasing an additional 118 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Houlihan Lokey by 3,714.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider's stock worth $43,000 after purchasing an additional 260 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Houlihan Lokey during the 1st quarter worth about $54,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Houlihan Lokey stock traded up $0.14 during midday trading on Wednesday, reaching $200.57. 440,834 shares of the company's stock were exchanged, compared to its average volume of 376,461. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $201.25. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 33.77 and a beta of 0.86. The stock's 50-day simple moving average is $189.93 and its 200 day simple moving average is $174.47.

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

Houlihan Lokey Announces Dividend

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

Analyst Ratings Changes

HLI has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wall Street Zen cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley restated an "overweight" rating and issued a $192.00 price objective (up previously from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Finally, Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and raised their price objective for the company from $185.00 to $232.00 in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of "Moderate Buy" and an average price target of $206.40.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of the firm'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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the firm'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 disclosure for this sale can be found here. Company insiders own 22.83% of the company's stock.

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.