1,453 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 added to or reduced their stakes in HLI. Private Trust Co. NA bought a new position in Houlihan Lokey during the 4th quarter valued at approximately $29,000. Financial Life Planners bought a new stake in shares of Houlihan Lokey in the 4th quarter worth $33,000. Golden State Wealth Management LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth $53,000. VisionPoint Advisory Group LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth $62,000. Finally, Mather Group LLC. increased its holdings in shares of Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Up 0.6%

NYSE HLI traded up $0.98 during trading hours on Thursday, hitting $175.11. 288,214 shares of the company were exchanged, compared to its average volume of 352,529. The stock has a 50-day moving average price of $162.99 and a 200 day moving average price of $171.78. Houlihan Lokey, Inc. has a 52 week low of $127.14 and a 52 week high of $192.10. The stock has a market cap of $12.22 billion, a PE ratio of 33.42 and a beta of 0.82.

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

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.60 per share. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date of this dividend 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 currently 41.24%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, UBS Group lifted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $185.00.

Insider Activity

In other news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.