GAMMA Investing LLC Has $1.11 Billion Position in Houlihan Lokey, Inc. (NYSE:HLI)

GAMMA Investing LLC grew its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 39,574.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 686,375 shares of the financial services provider's stock after buying an additional 684,645 shares during the period. GAMMA Investing LLC owned 0.98% of Houlihan Lokey worth $1,108,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Houlihan Lokey by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after purchasing an additional 98,495 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Houlihan Lokey by 6.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider's stock valued at $569,830,000 after acquiring an additional 208,851 shares during the period. FMR LLC increased its position in Houlihan Lokey by 9.4% in the 4th quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock valued at $325,651,000 after acquiring an additional 161,647 shares during the period. Burgundy Asset Management Ltd. increased its position in Houlihan Lokey by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock valued at $217,393,000 after acquiring an additional 20,354 shares during the period. Finally, Invesco Ltd. increased its position in Houlihan Lokey by 122.7% during the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after purchasing an additional 573,745 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $173.02, for a total value of $86,510.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $178.71, for a total transaction of $1,431,109.68. The disclosure for this sale can be found here. Insiders own 23.68% of the company's stock.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $1.70 during trading hours on Tuesday, hitting $176.09. The stock had a trading volume of 55,851 shares, compared to its average volume of 350,378. The stock's fifty day simple moving average is $163.46 and its 200 day simple moving average is $171.34. Houlihan Lokey, Inc. has a 1-year low of $127.14 and a 1-year high of $192.10. The firm has a market capitalization of $12.29 billion, a price-to-earnings ratio of 33.61 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The firm had revenue of $666.42 million for 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 firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on HLI. Morgan Stanley reduced their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Keefe, Bruyette & Woods upped their price objective on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Wells Fargo & Company upped their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.00.

Houlihan Lokey Company 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.