Mutual of America Capital Management LLC Sells 2,020 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Mutual of America Capital Management LLC lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,244 shares of the financial services provider's stock after selling 2,020 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of Houlihan Lokey worth $9,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Houlihan Lokey during the first quarter worth $54,000. Versant Capital Management Inc boosted its stake in shares of Houlihan Lokey by 744.2% in the 1st quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 320 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Houlihan Lokey by 17.5% in the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 82 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Houlihan Lokey by 101.0% in the 1st quarter. Golden State Wealth Management LLC now owns 613 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 308 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at $105,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

NYSE HLI traded up $1.91 during trading hours on Thursday, reaching $196.41. 56,506 shares of the company's stock were exchanged, compared to its average volume of 360,037. The company's 50-day moving average is $178.82 and its two-hundred day moving average is $171.21. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $197.99. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 33.73 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The business had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. During the same period in the prior year, the business earned $1.27 EPS. Houlihan Lokey's revenue for the quarter was up 28.0% compared to the same quarter last year. Research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.60 per share. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, June 2nd. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HLI. Morgan Stanley restated an "overweight" rating and issued a $192.00 target price (up previously from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Wells Fargo & Company boosted their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, 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 report on Monday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.40.

Insider Transactions at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 8,008 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. 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 ninety days. 23.68% of the stock is currently owned by corporate insiders.

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.