GAMMA Investing LLC Makes New $85,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

GAMMA Investing LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 711 shares of the financial services provider’s stock, valued at approximately $85,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Earnest Partners LLC boosted its stake in shares of Houlihan Lokey by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 3,123,251 shares of the financial services provider’s stock valued at $334,563,000 after buying an additional 34,580 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Houlihan Lokey by 0.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,760,144 shares of the financial services provider’s stock valued at $295,667,000 after buying an additional 17,696 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Houlihan Lokey by 56.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock valued at $291,761,000 after buying an additional 978,776 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Houlihan Lokey by 2.3% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,668,037 shares of the financial services provider’s stock valued at $178,680,000 after buying an additional 37,551 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Houlihan Lokey by 69.9% during the 3rd quarter. FMR LLC now owns 1,507,610 shares of the financial services provider’s stock valued at $161,495,000 after buying an additional 620,182 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 25.97% of the company’s stock.

Analyst Ratings Changes

HLI has been the topic of several research reports. UBS Group upped their price target on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a research report on Monday, January 29th. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $127.97 on Tuesday. Houlihan Lokey, Inc. has a 1-year low of $84.89 and a 1-year high of $133.80. The business’s fifty day moving average price is $126.89 and its two-hundred day moving average price is $118.38. The firm has a market capitalization of $8.84 billion, a PE ratio of 31.75 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The firm had revenue of $511.30 million for the quarter, compared to analyst estimates of $493.02 million. During the same period last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Houlihan Lokey, Inc. will post 4.42 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.55 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.20 annualized dividend and a dividend yield of 1.72%. Houlihan Lokey’s payout ratio is 54.59%.

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.