Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 67,986 shares of the financial services provider's stock after selling 1,921 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.10% of Houlihan Lokey worth $10,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its position in shares of Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 80 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Houlihan Lokey during the 1st quarter valued at about $54,000. Versant Capital Management Inc grew 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 valued at $59,000 after acquiring an additional 320 shares during the period. First Horizon Advisors Inc. grew its position in shares of Houlihan Lokey by 17.5% during the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock valued at $89,000 after acquiring an additional 82 shares during the period. Finally, Golden State Wealth Management LLC grew its position in shares of Houlihan Lokey by 101.0% during the 1st quarter. Golden State Wealth Management LLC now owns 613 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 308 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLI has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Morgan Stanley reiterated an "overweight" rating and issued a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and lifted their price objective for the stock from $185.00 to $232.00 in a report on Monday, July 14th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey presently has an average rating of "Moderate Buy" and an average target price of $206.40.

Insider Buying and Selling

In other 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Scott L. Beiser sold 8,008 shares of Houlihan Lokey stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,508 shares of company stock worth $2,431,670. 23.68% of the stock is owned by insiders.

Houlihan Lokey Stock Down 0.7%

HLI traded down $1.34 during trading on Friday, reaching $196.09. The company's stock had a trading volume of 287,484 shares, compared to its average volume of 361,221. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 33.69 and a beta of 0.83. The firm has a fifty day simple moving average of $179.71 and a two-hundred day simple moving average of $171.51. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $198.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its 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 21.61% and a net margin of 16.73%. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 earnings per share. As a group, equities analysts forecast 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 was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

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.