Whittier Trust Co. of Nevada Inc. Has $5.88 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Whittier Trust Co. of Nevada Inc. increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,398 shares of the financial services provider's stock after purchasing an additional 1,655 shares during the period. Whittier Trust Co. of Nevada Inc. owned 0.05% of Houlihan Lokey worth $5,878,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in Houlihan Lokey during the first quarter valued at about $619,000. QRG Capital Management Inc. boosted its position in shares of Houlihan Lokey by 9.7% during the 1st quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider's stock valued at $805,000 after purchasing an additional 439 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Houlihan Lokey by 1.1% in the 1st quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider's stock worth $2,895,000 after purchasing an additional 200 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Houlihan Lokey in the 1st quarter worth approximately $210,000. Finally, GAMMA Investing LLC lifted its stake in Houlihan Lokey by 145.7% during the first quarter. GAMMA Investing LLC now owns 4,250 shares of the financial services provider's stock valued at $686,000 after purchasing an additional 2,520 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 2.2%

Shares of Houlihan Lokey stock traded up $4.25 during midday trading on Thursday, hitting $198.75. The company's stock had a trading volume of 135,724 shares, compared to its average volume of 360,394. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $198.75. The firm has a market capitalization of $13.87 billion, a P/E ratio of 34.08 and a beta of 0.83. The stock has a 50-day simple moving average of $178.82 and a 200-day simple moving average of $171.21.

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 company had revenue of $666.42 million for the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were given a $0.60 dividend. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.21%. Houlihan Lokey's dividend payout ratio is presently 41.24%.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Irwin Gold sold 5,000 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. Insiders sold 13,508 shares of company stock valued at $2,431,670 in the last quarter. Company insiders own 23.68% of the company's stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of several research reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $192.00 price target (up previously from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and boosted their target price for the stock from $185.00 to $232.00 in a research report on Monday. Wells Fargo & Company lifted their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Houlihan Lokey presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.40.

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.