Houlihan Lokey, Inc. $HLI Stock Position Increased by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates increased its Houlihan Lokey position by 16.4% in the third quarter, to 508,072 shares worth about $64.2 million. Institutional investors collectively own 78.07% of the stock.
• Houlihan Lokey reported quarterly EPS of $1.85, beating the $1.63 consensus, and revenue of $692 million, ahead of expectations; revenue rose 4.9% year over year.
• The company declared a quarterly dividend of $0.70 per share, equivalent to an annualized yield of 1.9%. Analysts’ average rating was “Moderate Buy,” with an average price target of $160.44.

Van Berkom & Associates Inc. increased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 16.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 508,072 shares of the financial services provider's stock after purchasing an additional 71,660 shares during the period. Houlihan Lokey accounts for about 2.3% of Van Berkom & Associates Inc.'s holdings, making the stock its 20th biggest holding. Van Berkom & Associates Inc. owned 0.74% of Houlihan Lokey worth $64,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its stake in Houlihan Lokey by 2.8% during the 1st quarter. Royal Bank of Canada now owns 1,751,495 shares of the financial services provider's stock worth $251,551,000 after buying an additional 48,126 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Houlihan Lokey by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 616,519 shares of the financial services provider's stock valued at $88,540,000 after buying an additional 81,182 shares during the last quarter. Fenimore Asset Management Inc lifted its stake in Houlihan Lokey by 52.9% in the third quarter. Fenimore Asset Management Inc now owns 256,760 shares of the financial services provider's stock valued at $32,439,000 after buying an additional 88,862 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $28,750,000. Finally, Barlow Wealth Partners LLC boosted its holdings in shares of Houlihan Lokey by 0.3% in the second quarter. Barlow Wealth Partners LLC now owns 205,696 shares of the financial services provider's stock valued at $27,627,000 after acquiring an additional 537 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Up 1.8%

NYSE HLI opened at $148.51 on Tuesday. The business's 50 day moving average is $133.35 and its two-hundred day moving average is $143.75. Houlihan Lokey, Inc. has a 12-month low of $112.83 and a 12-month high of $195.06. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.81 and a beta of 0.90.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.63 by $0.22. Houlihan Lokey had a return on equity of 19.94% and a net margin of 15.78%. The business had revenue of $692.00 million during the quarter, compared to analysts' expectations of $625.88 million. During the same period last year, the firm earned $1.84 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that Houlihan Lokey, Inc. will post 7.24 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.70 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $2.80 annualized dividend and a yield of 1.9%. Houlihan Lokey's dividend payout ratio is presently 46.98%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HLI shares. Citizens Jmp raised shares of Houlihan Lokey from a "market perform" rating to an "outperform" rating and set a $175.00 target price on the stock in a report on Friday, October 9th. BMO Capital Markets reduced their price target on shares of Houlihan Lokey from $160.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. UBS Group increased their price target on shares of Houlihan Lokey from $147.00 to $154.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 7th. The Goldman Sachs Group lowered their price objective on shares of Houlihan Lokey from $171.00 to $148.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Houlihan Lokey from $147.00 to $153.00 and gave the stock a "neutral" rating in a research report on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $160.44.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $140.15, for a total value of $140,150.00. Following the completion of the sale, the general counsel owned 1,000 shares of the company's stock, valued at approximately $140,150. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.53% of the company's stock.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank headquartered in Los Angeles. Founded in 1972, the firm provides financial advice and related services to corporations, financial sponsors, governments and other organizations.

The company's main businesses include corporate finance, financial restructuring and financial and valuation advisory. Its services include advising on mergers and acquisitions, debt and equity financing, restructuring transactions, and business and asset valuations.

Houlihan Lokey serves clients across the Americas, Europe, the Middle East and Asia-Pacific through an international office network.

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