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TrueMark Investments LLC Invests $256,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Houlihan Lokey logo with Finance background

TrueMark Investments LLC acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,584 shares of the financial services provider's stock, valued at approximately $256,000.

Several other large investors have also added to or reduced their stakes in HLI. Vanguard Group Inc. grew its stake in Houlihan Lokey by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after purchasing an additional 98,495 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Houlihan Lokey by 6.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider's stock valued at $569,830,000 after buying an additional 208,851 shares in the last quarter. FMR LLC grew its stake in shares of Houlihan Lokey by 9.4% in the fourth quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock valued at $325,651,000 after buying an additional 161,647 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in Houlihan Lokey by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock worth $217,393,000 after buying an additional 20,354 shares during the last quarter. Finally, Invesco Ltd. raised its position in Houlihan Lokey by 122.7% during the fourth quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after acquiring an additional 573,745 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded up $0.00 on Friday, reaching $182.75. 874,232 shares of the stock were exchanged, compared to its average volume of 353,874. The firm's 50 day moving average is $171.31 and its 200-day moving average is $170.16. The firm has a market cap of $12.75 billion, a PE ratio of 31.40 and a beta of 0.83. Houlihan Lokey, Inc. has a one year low of $130.80 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. The firm had revenue of $666.42 million during the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.27 earnings per share. On average, equities research analysts expect 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. Shareholders of record on Monday, June 2nd were given a $0.60 dividend. The ex-dividend date was Monday, June 2nd. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 1.31%. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Scott L. Beiser sold 8,008 shares of the firm'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 value of $1,431,109.68. The disclosure for this sale can be found here. 23.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $192.00 price objective (up previously from $159.00) on shares of Houlihan Lokey in a research report on Monday. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.20.

Read Our Latest Report on HLI

Houlihan Lokey Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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