Voloridge Investment Management LLC Makes New $3.09 Million Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Voloridge Investment Management LLC acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,800 shares of the financial services provider's stock, valued at approximately $3,091,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA bought a new stake in Houlihan Lokey during the 4th quarter worth about $29,000. Financial Life Planners bought a new stake in Houlihan Lokey during the 4th quarter worth about $33,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey during the 4th quarter worth about $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey during the 4th quarter worth about $62,000. Finally, Mather Group LLC. lifted its position in Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after buying an additional 116 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the company'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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on HLI. Wells Fargo & Company boosted their price target 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. 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 research report on Monday, April 7th. Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Three investment 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, the company has an average rating of "Moderate Buy" and a consensus price target of $185.00.

Houlihan Lokey Stock Down 0.1%

Shares of HLI stock traded down $0.20 on Friday, reaching $174.81. The stock had a trading volume of 328,062 shares, compared to its average volume of 352,410. The firm's 50-day moving average is $163.30 and its two-hundred day moving average is $171.59. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 33.36 and a beta of 0.82. Houlihan Lokey, Inc. has a 12 month low of $127.14 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $628.25 million. During the same quarter in the prior year, the business earned $1.27 EPS. Houlihan Lokey's quarterly revenue was up 28.0% on a year-over-year basis. On average, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.37%. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio 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.