UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 1,467 Shares of Houlihan Lokey, Inc. $HLI

Key Points

• UBS AM has increased its stake in Houlihan Lokey by 0.8%, owning a total of 180,634 shares worth approximately $29.17 million.
• Institutional investors and hedge funds control 78.07% of Houlihan Lokey's stock, indicating strong institutional interest in the company.
• Houlihan Lokey declared a quarterly dividend of $0.60 per share, providing a 1.2% yield, with a dividend payout ratio of 40.40%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,634 shares of the financial services provider's stock after acquiring an additional 1,467 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.26% of Houlihan Lokey worth $29,172,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Houlihan Lokey by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider's stock worth $857,017,000 after buying an additional 41,030 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Houlihan Lokey by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock valued at $217,393,000 after purchasing an additional 20,354 shares in the last quarter. GAMMA Investing LLC grew its holdings in Houlihan Lokey by 39,574.9% during the 1st quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock worth $1,108,500,000 after acquiring an additional 684,645 shares during the period. Congress Asset Management Co. acquired a new stake in Houlihan Lokey during the 1st quarter worth $81,420,000. Finally, Goldman Sachs Group Inc. grew its holdings in Houlihan Lokey by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider's stock worth $67,143,000 after acquiring an additional 22,553 shares during the period. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Price Performance

NYSE:HLI traded up $0.43 on Friday, hitting $208.87. 1,050,905 shares of the company's stock were exchanged, compared to its average volume of 374,623. The firm has a 50-day moving average price of $196.23 and a 200-day moving average price of $177.59. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $209.39. The company has a market cap of $14.69 billion, a P/E ratio of 35.16 and a beta of 0.86.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. During the same period in the previous year, the business earned $1.22 EPS. Houlihan Lokey's revenue for the quarter was up 17.8% compared to the same quarter last year. On average, research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio is 40.40%.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total value of $1,380,930.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total transaction of $7,998,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,311 shares of company stock valued at $10,391,090. Company insiders own 22.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Keefe, Bruyette & Woods raised shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and lifted their target price for the stock from $185.00 to $232.00 in a report on Monday, July 14th. Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company lifted their price target on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Morgan Stanley lifted their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $210.60.

Houlihan Lokey 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.