Integrated Investment Consultants LLC Has $1.46 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Key Points

• Integrated Investment Consultants LLC reduced its holdings in Houlihan Lokey, Inc. by 44.1%, selling 7,140 shares and now owns 9,048 shares valued at approximately $1.46 million.
• Several institutional investors have increased their stakes in Houlihan Lokey, with notable increases of 111.1% by Bogart Wealth LLC and 17.5% by First Horizon Advisors Inc.
• Houlihan Lokey recently raised its quarterly dividend to $0.60 per share, representing a 1.22% yield and an increase from the previous $0.57 per share dividend.

Integrated Investment Consultants LLC trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 44.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,048 shares of the financial services provider's stock after selling 7,140 shares during the period. Integrated Investment Consultants LLC's holdings in Houlihan Lokey were worth $1,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in 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 buying an additional 98,495 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Houlihan Lokey by 6.8% during the fourth 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 raised its stake in shares of Houlihan Lokey by 9.4% in the fourth quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock valued at $325,651,000 after purchasing an additional 161,647 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings 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 buying an additional 20,354 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Houlihan Lokey by 122.7% during the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock valued at $180,815,000 after acquiring an additional 573,745 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Down 1.6%

Houlihan Lokey stock traded down $3.06 during mid-day trading on Monday, hitting $192.87. 859,349 shares of the company's stock were exchanged, compared to its average volume of 371,870. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $198.78. The firm has a market capitalization of $13.46 billion, a P/E ratio of 33.14 and a beta of 0.83. The company's 50 day simple moving average is $181.67 and its 200-day simple moving average is $172.51.

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 the consensus estimate of $1.61 by $0.35. The company had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. The business's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. Research analysts expect 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 was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.24%. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

Wall Street Analyst Weigh In

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

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $173.02, for a total value of $86,510.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,431,109.68. 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 over the last 90 days. 23.68% of the stock is owned by corporate insiders.

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.