Burgundy Asset Management Ltd. Purchases 20,354 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Burgundy Asset Management Ltd. raised its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,251,831 shares of the financial services provider's stock after buying an additional 20,354 shares during the period. Houlihan Lokey comprises 2.2% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 10th biggest position. Burgundy Asset Management Ltd. owned approximately 1.80% of Houlihan Lokey worth $217,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in Houlihan Lokey in the 4th quarter valued at $29,000. Financial Life Planners purchased a new position in Houlihan Lokey during the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $53,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth about $62,000. Finally, Mather Group LLC. raised its position in shares of Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Wall Street Analyst Weigh In

HLI has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Wall Street Zen raised Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.00.

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded down $0.25 during midday trading on Wednesday, hitting $176.06. The company had a trading volume of 98,064 shares, compared to its average volume of 413,826. Houlihan Lokey, Inc. has a twelve month low of $127.14 and a twelve month high of $192.10. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 33.57 and a beta of 0.82. The business's 50-day simple moving average is $162.76 and its 200-day simple moving average is $171.76.

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

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a dividend of $0.60 per share. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, June 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 41.24%.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of Houlihan Lokey stock in a transaction 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 filing with the SEC, which is available at this link. 23.68% of the stock is owned by insiders.

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.