Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,167 shares of the financial services provider's stock after purchasing an additional 13,384 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Houlihan Lokey worth $31,114,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Wolverine Trading LLC purchased a new position in Houlihan Lokey in the 4th quarter worth approximately $270,000. Voloridge Investment Management LLC bought a new stake in Houlihan Lokey in the 4th quarter worth approximately $3,091,000. Two Sigma Investments LP increased its stake in Houlihan Lokey by 70.2% in the 4th quarter. Two Sigma Investments LP now owns 3,249 shares of the financial services provider's stock worth $564,000 after acquiring an additional 1,340 shares during the last quarter. Tidal Investments LLC increased its stake in Houlihan Lokey by 27.1% in the 4th quarter. Tidal Investments LLC now owns 21,215 shares of the financial services provider's stock worth $3,684,000 after acquiring an additional 4,520 shares during the last quarter. Finally, TrinityPoint Wealth LLC bought a new stake in Houlihan Lokey in the 4th quarter worth approximately $245,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Up 0.6%

Shares of NYSE HLI traded up $0.98 during trading hours on Thursday, hitting $175.11. 288,214 shares of the company traded hands, compared to its average volume of 352,529. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 33.42 and a beta of 0.82. The company's 50 day moving average price is $162.99 and its 200 day moving average price is $171.78. Houlihan Lokey, Inc. has a 12 month low of $127.14 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio is 41.24%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the company's 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 23.68% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HLI. Keefe, Bruyette & Woods lifted their price objective on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley reduced their price objective 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. UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on 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 issued a buy rating to the company's stock. Based on data from MarketBeat, Houlihan Lokey currently has an average rating of "Moderate Buy" and a consensus price target of $185.00.

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.