Quantbot Technologies LP Purchases Shares of 20,646 Houlihan Lokey, Inc. $HLI

Key Points

• Quantbot Technologies LP has acquired a new stake in Houlihan Lokey, purchasing 20,646 shares worth approximately $3,334,000.
• Houlihan Lokey reported a 17.8% increase in revenue year-over-year for the quarter, bringing in $605.35 million, with earnings per share of $2.14 that exceeded expectations.
• The company announced a quarterly dividend of $0.60 per share, with an annualized dividend yield of 1.3%, set to be paid on September 15th.

Quantbot Technologies LP acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,646 shares of the financial services provider's stock, valued at approximately $3,334,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Houlihan Lokey by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider's stock worth $857,017,000 after purchasing an additional 41,030 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in Houlihan Lokey by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock worth $217,393,000 after purchasing an additional 20,354 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Houlihan Lokey by 10.5% in the 4th quarter. Ameriprise Financial Inc. now owns 772,789 shares of the financial services provider's stock valued at $134,195,000 after acquiring an additional 73,566 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Houlihan Lokey by 39,574.9% in the 1st quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock valued at $1,108,500,000 after acquiring an additional 684,645 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Houlihan Lokey by 3.2% in the 4th quarter. Northern Trust Corp now owns 620,324 shares of the financial services provider's stock valued at $107,725,000 after acquiring an additional 19,406 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Irwin Gold sold 5,000 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were 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. 22.83% of the stock is currently owned by company insiders.

Houlihan Lokey Price Performance

NYSE:HLI traded up $5.3320 during trading hours on Friday, reaching $197.3520. 378,572 shares of the stock were exchanged, compared to its average volume of 417,663. The stock has a market cap of $13.88 billion, a PE ratio of 33.22 and a beta of 0.86. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $198.78. The firm has a 50 day moving average of $188.34 and a 200 day moving average of $174.19.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.45. The company had revenue of $605.35 million during the quarter, compared to analysts' expectations of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business's quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business earned $1.22 EPS. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio (DPR) is currently 40.40%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their price target for the company from $185.00 to $232.00 in a research note on Monday, July 14th. Wells Fargo & Company boosted their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research report on Monday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.