1,303 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,303 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Houlihan Lokey by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider’s stock worth $914,420,000 after buying an additional 98,495 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Houlihan Lokey by 6.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider’s stock worth $569,830,000 after buying an additional 208,851 shares in the last quarter. FMR LLC raised its stake in Houlihan Lokey by 9.4% in the fourth quarter. FMR LLC now owns 1,875,220 shares of the financial services provider’s stock worth $325,651,000 after buying an additional 161,647 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in Houlihan Lokey by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider’s stock worth $217,393,000 after buying an additional 20,354 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Houlihan Lokey by 122.7% in the fourth quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider’s stock worth $180,815,000 after buying an additional 573,745 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HLI. Keefe, Bruyette & Woods boosted their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Wall Street Zen raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. 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 report on Monday, April 7th. Finally, Wells Fargo & Company lifted their price target on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.00.

Houlihan Lokey Trading Up 1.2%

NYSE HLI opened at $176.99 on Friday. The firm’s fifty day simple moving average is $164.61 and its two-hundred day simple moving average is $171.16. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10. The firm has a market capitalization of $12.35 billion, a P/E ratio of 33.78 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.00% and a return on equity of 20.04%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.36%. Houlihan Lokey’s payout ratio is 41.24%.

Insider Activity

In other news, Chairman Scott L. Beiser sold 8,008 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The disclosure for this sale can be found here. Corporate insiders own 23.68% of the company’s stock.

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.