Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,349 shares of the financial services provider's stock after selling 3,689 shares during the quarter. Rhumbline Advisers owned 0.23% of Houlihan Lokey worth $26,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth about $53,000. Versant Capital Management Inc increased its position in shares of Houlihan Lokey by 744.2% during the 1st quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock worth $59,000 after purchasing an additional 320 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth about $62,000. Finally, Mather Group LLC. increased its position in shares of Houlihan Lokey by 24.8% during 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 during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Trading Up 1.2%

Houlihan Lokey stock traded up $2.09 during midday trading on Friday, reaching $176.99. 278,947 shares of the stock traded hands, compared to its average volume of 350,863. The company has a 50-day simple moving average of $164.61 and a two-hundred day simple moving average of $171.27. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10. The firm has a market cap of $12.35 billion, a PE ratio of 33.78 and a beta of 0.83.

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

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.60 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $173.02, for a total transaction of $86,510.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Scott L. Beiser sold 8,008 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $178.71, for a total value of $1,431,109.68. The disclosure for this sale can be found here. 23.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HLI has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods raised their target price on Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on 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.