Quantinno Capital Management LP Purchases Shares of 1,453 Houlihan Lokey, Inc. (NYSE:HLI)

Quantinno Capital Management LP acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,453 shares of the financial services provider's stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barclays PLC raised its position in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after acquiring an additional 6,483 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Houlihan Lokey by 12.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider's stock worth $241,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. lifted its stake in Houlihan Lokey by 8.1% in the fourth quarter. Blue Trust Inc. now owns 5,116 shares of the financial services provider's stock valued at $808,000 after purchasing an additional 383 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Houlihan Lokey in the fourth quarter valued at approximately $1,657,000. Finally, KBC Group NV grew its holdings in Houlihan Lokey by 1,447.7% during the fourth quarter. KBC Group NV now owns 19,903 shares of the financial services provider's stock valued at $3,456,000 after purchasing an additional 18,617 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Down 0.1%

Shares of NYSE HLI traded down $0.20 during mid-day trading on Friday, reaching $174.81. 328,062 shares of the company were exchanged, compared to its average volume of 351,964. The stock has a market capitalization of $12.20 billion, a PE ratio of 33.36 and a beta of 0.82. Houlihan Lokey, Inc. has a 52 week low of $127.14 and a 52 week high of $192.10. The company's 50 day moving average price is $163.30 and its 200 day moving average price is $171.50.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The firm had revenue of $666.42 million during the quarter, compared to analyst estimates of $628.25 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company's revenue was up 28.0% compared to the same quarter last year. On average, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a $0.60 dividend. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.37%. Houlihan Lokey's dividend payout ratio is 41.24%.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 23.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HLI shares. Morgan Stanley lowered their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Keefe, Bruyette & Woods increased their price target on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company upped their target price on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of "Moderate Buy" and a consensus target price of $185.00.

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.