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

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

Several other institutional investors have also modified their holdings of HLI. Whittier Trust Co. lifted its holdings in shares of Houlihan Lokey by 2.2% during the first quarter. Whittier Trust Co. now owns 68,106 shares of the financial services provider's stock valued at $10,999,000 after purchasing an additional 1,496 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Houlihan Lokey by 111.1% during the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Houlihan Lokey by 85.6% during the first quarter. Signaturefd LLC now owns 644 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 297 shares during the last quarter. Securian Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 2.5% during the first quarter. Securian Asset Management Inc. now owns 4,151 shares of the financial services provider's stock valued at $670,000 after purchasing an additional 100 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Houlihan Lokey during the first quarter valued at $281,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Price Performance

Houlihan Lokey stock traded down $1.34 during mid-day trading on Friday, hitting $196.09. The company's stock had a trading volume of 287,484 shares, compared to its average volume of 360,690. The firm's 50 day moving average is $179.71 and its 200 day moving average is $171.53. The company has a market cap of $13.69 billion, a PE ratio of 33.69 and a beta of 0.83. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $198.78.

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 for the quarter, topping the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The company had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. During the same period in the prior year, the firm posted $1.27 EPS. The business's revenue was up 28.0% compared to the same quarter last year. As a group, analysts forecast 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 was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were given a $0.60 dividend. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Monday, June 2nd. Houlihan Lokey's dividend payout ratio is presently 41.24%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Wells Fargo & Company increased their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and increased their price objective for the stock from $185.00 to $232.00 in a research note on Monday, July 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Houlihan Lokey presently has a consensus rating of "Moderate Buy" and an average price target of $206.40.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. Also, Chairman Irwin Gold sold 5,000 shares of the 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 have sold a total of 13,508 shares of company stock valued at $2,431,670 in the last three months. Insiders own 23.68% of the company's stock.

About Houlihan Lokey

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.