Burgundy Asset Management Ltd. Has $217.39 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Burgundy Asset Management Ltd. raised its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,251,831 shares of the financial services provider's stock after purchasing an additional 20,354 shares during the quarter. Houlihan Lokey makes up about 2.2% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 10th biggest holding. Burgundy Asset Management Ltd. owned 1.80% of Houlihan Lokey worth $217,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Novem Group bought a new position in shares of Houlihan Lokey in the 4th quarter valued at $694,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Houlihan Lokey by 8.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,167 shares of the financial services provider's stock worth $31,114,000 after purchasing an additional 13,384 shares in the last quarter. Wolverine Trading LLC bought a new stake in Houlihan Lokey during the 4th quarter worth approximately $270,000. Voloridge Investment Management LLC bought a new position in Houlihan Lokey during the fourth quarter valued at $3,091,000. Finally, Two Sigma Investments LP grew its position in shares of Houlihan Lokey by 70.2% in the fourth quarter. Two Sigma Investments LP now owns 3,249 shares of the financial services provider's stock valued at $564,000 after purchasing an additional 1,340 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Performance

HLI stock traded up $3.44 during trading on Tuesday, reaching $176.29. 403,890 shares of the company were exchanged, compared to its average volume of 353,191. The stock's 50 day moving average price is $162.48 and its 200 day moving average price is $171.73. The company has a market cap of $12.37 billion, a P/E ratio of 33.64 and a beta of 0.82. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week high of $192.10.

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

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be issued 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 dividend yield of 1.36%. The ex-dividend date is Monday, June 2nd. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.