Edgestream Partners L.P. Has $7.95 Million Holdings in Houlihan Lokey, Inc. $HLI

Edgestream Partners L.P. grew its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 510.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,338 shares of the financial services provider’s stock after acquiring an additional 46,277 shares during the period. Edgestream Partners L.P.’s holdings in Houlihan Lokey were worth $7,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HLI. Robinhood Asset Management LLC bought a new position in Houlihan Lokey in the 4th quarter worth approximately $6,862,000. Pier Capital LLC boosted its position in Houlihan Lokey by 62.3% in the 4th quarter. Pier Capital LLC now owns 44,000 shares of the financial services provider’s stock valued at $7,664,000 after buying an additional 16,894 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at $4,467,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at $1,942,000. Finally, Fenimore Asset Management Inc increased its stake in shares of Houlihan Lokey by 16.2% in the 4th quarter. Fenimore Asset Management Inc now owns 123,672 shares of the financial services provider’s stock valued at $21,542,000 after buying an additional 17,199 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HLI shares. The Goldman Sachs Group set a $164.00 price target on Houlihan Lokey in a research note on Friday, July 10th. US Capital Advisors set a $187.00 price objective on Houlihan Lokey in a research report on Thursday, July 9th. Wolfe Research raised Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Bank of America began coverage on shares of Houlihan Lokey in a research report on Friday, July 10th. They set a “buy” rating and a $164.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Houlihan Lokey in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and an average target price of $180.50.

Insider Buying and Selling

In related news, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the transaction, the chairman directly owned 6,265 shares in the company, valued at approximately $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock opened at $138.83 on Thursday. The firm has a fifty day moving average of $140.38 and a two-hundred day moving average of $152.70. The stock has a market capitalization of $9.59 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.23 and a beta of 0.95. Houlihan Lokey, Inc. has a 52 week low of $130.72 and a 52 week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.29). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The company had revenue of $511.00 million during the quarter, compared to the consensus estimate of $602.38 million. During the same quarter in the prior year, the business earned $2.14 earnings per share. The firm’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, research analysts forecast that Houlihan Lokey, Inc. will post 7.91 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s dividend payout ratio (DPR) is currently 45.02%.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.