QRG Capital Management Inc. Has $982,000 Stock Holdings in Houlihan Lokey, Inc. $HLI

QRG Capital Management Inc. grew its position in Houlihan Lokey, Inc. (NYSE:HLI) by 9.4% during the 2nd quarter, Holdings Channel reports. The firm owned 5,457 shares of the financial services provider’s stock after purchasing an additional 470 shares during the quarter. QRG Capital Management Inc.’s holdings in Houlihan Lokey were worth $982,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. J2 Capital Management Inc boosted its stake in shares of Houlihan Lokey by 37.4% in the 2nd quarter. J2 Capital Management Inc now owns 2,315 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 630 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 7.3% in the 2nd quarter. PineStone Asset Management Inc. now owns 74,495 shares of the financial services provider’s stock valued at $13,405,000 after purchasing an additional 5,100 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Houlihan Lokey by 12.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 52,622 shares of the financial services provider’s stock valued at $9,469,000 after purchasing an additional 5,757 shares in the last quarter. Norden Group LLC boosted its stake in shares of Houlihan Lokey by 6.3% in the 2nd quarter. Norden Group LLC now owns 5,248 shares of the financial services provider’s stock valued at $944,000 after purchasing an additional 310 shares in the last quarter. Finally, Argent Capital Management LLC boosted its stake in shares of Houlihan Lokey by 2.6% in the 2nd quarter. Argent Capital Management LLC now owns 241,587 shares of the financial services provider’s stock valued at $43,474,000 after purchasing an additional 6,012 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock valued at $9,477,040 in the last ninety days. 22.83% of the stock is owned by insiders.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $191.31 on Thursday. The stock has a market cap of $13.45 billion, a PE ratio of 32.21 and a beta of 0.87. The stock has a 50-day moving average of $198.28 and a 200-day moving average of $181.45. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. The company had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.Houlihan Lokey’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 EPS. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. Houlihan Lokey’s dividend payout ratio is 40.40%.

Analyst Ratings Changes

Several equities research analysts have recently commented on HLI shares. Wall Street Zen downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Wednesday. Zacks Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from $185.00 to $232.00 in a research report on Monday, July 14th. Finally, BMO Capital Markets started coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.83.

About Houlihan Lokey

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.