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

Victory Capital Management Inc. boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,208 shares of the financial services provider's stock after buying an additional 14,475 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Houlihan Lokey worth $7,100,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HLI. Anchor Investment Management LLC acquired a new position in Houlihan Lokey during the fourth quarter worth about $54,000. GAMMA Investing LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at approximately $85,000. Headlands Technologies LLC acquired a new stake in shares of Houlihan Lokey in the third quarter valued at approximately $87,000. Planned Solutions Inc. purchased a new position in Houlihan Lokey during the fourth quarter worth approximately $87,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Houlihan Lokey by 20.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the financial services provider's stock worth $109,000 after buying an additional 173 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded down $0.67 on Wednesday, reaching $136.13. The company had a trading volume of 436,606 shares, compared to its average volume of 340,728. The firm's 50 day moving average price is $127.74 and its two-hundred day moving average price is $120.75. Houlihan Lokey, Inc. has a 52-week low of $86.20 and a 52-week high of $137.92. The firm has a market cap of $9.41 billion, a PE ratio of 33.26 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The firm had revenue of $520.46 million during the quarter, compared to the consensus estimate of $508.99 million. During the same quarter last year, the firm earned $1.11 EPS. The firm's revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.72 EPS for the current year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Monday, June 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.67%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, June 3rd. Houlihan Lokey's dividend payout ratio (DPR) is 53.53%.

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the company's stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this hyperlink. 25.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reduced their price target on Houlihan Lokey from $157.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $127.00 price objective on shares of Houlihan Lokey in a report on Monday, January 29th.

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.