11,324 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,324 shares of the financial services provider's stock, valued at approximately $1,358,000.

A number of other institutional investors also recently modified their holdings of HLI. Janiczek Wealth Management LLC bought a new position in shares of Houlihan Lokey during the 3rd quarter valued at $30,000. Anchor Investment Management LLC bought a new position in shares of Houlihan Lokey during the 4th quarter valued at $54,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Houlihan Lokey by 100.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 300 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Houlihan Lokey by 16.9% during the 3rd quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 109 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Houlihan Lokey during the 3rd quarter valued at $87,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $1.32 on Friday, hitting $130.43. 248,409 shares of the company were exchanged, compared to its average volume of 309,620. The company's 50 day moving average price is $126.64 and its two-hundred day moving average price is $116.09. Houlihan Lokey, Inc. has a one year low of $84.44 and a one year high of $133.80. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 32.36 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million for the quarter, compared to the consensus estimate of $493.02 million. During the same quarter in the previous year, the firm posted $1.14 EPS. The business's revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Houlihan Lokey, Inc. will post 4.36 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 annualized dividend and a dividend yield of 1.69%. Houlihan Lokey's payout ratio is 54.59%.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 25.97% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on HLI. UBS Group lifted their target price on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $127.00 target price on shares of Houlihan Lokey in a report on Monday, January 29th.

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.