Rheos Capital Works Inc. Decreases Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Rheos Capital Works Inc. trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,400 shares of the financial services provider's stock after selling 13,000 shares during the quarter. Rheos Capital Works Inc. owned approximately 0.09% of Houlihan Lokey worth $9,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Portside Wealth Group LLC boosted its holdings in shares of Houlihan Lokey by 57.6% during the 1st quarter. Portside Wealth Group LLC now owns 4,340 shares of the financial services provider's stock worth $701,000 after buying an additional 1,586 shares during the period. UMB Bank n.a. boosted its holdings in shares of Houlihan Lokey by 52.1% during the first quarter. UMB Bank n.a. now owns 1,372 shares of the financial services provider's stock worth $222,000 after acquiring an additional 470 shares during the period. Congress Asset Management Co. acquired a new position in shares of Houlihan Lokey in the first quarter valued at approximately $81,420,000. Impact Capital Partners LLC bought a new position in shares of Houlihan Lokey during the first quarter worth approximately $210,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Houlihan Lokey in the first quarter valued at about $54,000. Institutional investors own 78.07% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $86,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. 23.68% of the stock is owned by insiders.

Houlihan Lokey Stock Up 0.3%

Houlihan Lokey stock traded up $0.47 during trading on Thursday, hitting $175.22. The stock had a trading volume of 193,122 shares, compared to its average volume of 350,672. The stock's 50 day moving average is $165.79 and its two-hundred day moving average is $170.99. Houlihan Lokey, Inc. has a 1 year low of $127.14 and a 1 year high of $192.10. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 33.44 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly 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. The firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a $0.60 dividend. This is an increase 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 yield of 1.37%. Houlihan Lokey's payout ratio is presently 41.24%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Wall Street Zen raised Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. 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. Finally, Morgan Stanley lowered their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Three investment 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 presently has an average rating of "Moderate Buy" and a consensus target price of $185.00.

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.