Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,613 shares of the financial services provider's stock after selling 2,621 shares during the period. Victory Capital Management Inc. owned 0.08% of Houlihan Lokey worth $9,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in Houlihan Lokey by 4.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 36,398 shares of the financial services provider's stock valued at $5,878,000 after acquiring an additional 1,655 shares during the last quarter. Whittier Trust Co. lifted its holdings in Houlihan Lokey by 2.2% in the first quarter. Whittier Trust Co. now owns 68,106 shares of the financial services provider's stock valued at $10,999,000 after acquiring an additional 1,496 shares during the last quarter. Bogart Wealth LLC lifted its holdings in Houlihan Lokey by 111.1% in the first 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 last quarter. Signaturefd LLC lifted its holdings in Houlihan Lokey by 85.6% in the first quarter. Signaturefd LLC now owns 644 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 297 shares during the last quarter. Finally, Securian Asset Management Inc. lifted its holdings in Houlihan Lokey by 2.5% in the first quarter. Securian Asset Management Inc. now owns 4,151 shares of the financial services provider's stock valued at $670,000 after acquiring an additional 100 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Morgan Stanley restated an "overweight" rating and set a $192.00 price target (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Wells Fargo & Company upped their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from $185.00 to $232.00 in a research note on Monday, July 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $206.40.

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 transaction of $86,510.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Over the last 90 days, insiders have sold 13,508 shares of company stock valued at $2,431,670. 23.68% of the stock is currently owned by insiders.

Houlihan Lokey Trading Down 1.6%

NYSE:HLI traded down $3.06 during trading hours on Monday, hitting $192.87. The company's stock had a trading volume of 859,349 shares, compared to its average volume of 371,870. The stock has a market capitalization of $13.46 billion, a P/E ratio of 33.14 and a beta of 0.83. The stock has a fifty day moving average of $181.67 and a 200-day moving average of $172.51. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $198.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The firm 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%. Houlihan Lokey's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 earnings per share. On average, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.60 per share. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. Houlihan Lokey's dividend payout ratio (DPR) is presently 41.24%.

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.