Union Bancaire Privee UBP SA Sells 3,808 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Union Bancaire Privee UBP SA lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 40.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,698 shares of the financial services provider's stock after selling 3,808 shares during the period. Union Bancaire Privee UBP SA's holdings in Houlihan Lokey were worth $917,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Houlihan Lokey in the first quarter worth $54,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the fourth quarter worth $62,000. Versant Capital Management Inc grew its stake in shares of Houlihan Lokey by 744.2% in the first quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock worth $59,000 after acquiring an additional 320 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth $105,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock traded down $4.16 during trading on Friday, hitting $171.28. 272,269 shares of the company's stock traded hands, compared to its average volume of 350,730. Houlihan Lokey, Inc. has a 1 year low of $127.14 and a 1 year high of $192.10. The business has a 50-day simple moving average of $166.42 and a 200-day simple moving average of $170.89. The stock has a market capitalization of $11.95 billion, a P/E ratio of 32.69 and a beta of 0.83.

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

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.40 annualized dividend and a yield of 1.40%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Insiders Place Their Bets

In other Houlihan Lokey 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 value of $86,510.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction dated Monday, May 19th. The shares were 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 currently owned by insiders.

Wall Street Analyst Weigh In

HLI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley cut their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $185.00.

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.