Sherbrooke Park Advisers LLC Buys New Position in Houlihan Lokey, Inc. (NYSE:HLI)

Sherbrooke Park Advisers LLC purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,205 shares of the financial services provider’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently made changes to their positions in the business. Barclays PLC boosted its holdings in Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after acquiring an additional 6,483 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Houlihan Lokey by 12.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 150 shares during the period. Barlow Wealth Partners Inc. boosted its stake in shares of Houlihan Lokey by 11.8% during the fourth quarter. Barlow Wealth Partners Inc. now owns 201,650 shares of the financial services provider’s stock valued at $35,351,000 after purchasing an additional 21,305 shares during the period. SG Americas Securities LLC grew its holdings in shares of Houlihan Lokey by 1,148.7% in the fourth quarter. SG Americas Securities LLC now owns 18,081 shares of the financial services provider’s stock worth $3,140,000 after purchasing an additional 16,633 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Houlihan Lokey by 1,823.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider’s stock worth $16,550,000 after buying an additional 90,343 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 23.68% of the company’s stock.

Houlihan Lokey Stock Down 1.0%

Shares of HLI stock opened at $177.18 on Wednesday. The stock has a fifty day moving average of $161.56 and a 200 day moving average of $171.98. Houlihan Lokey, Inc. has a 52 week low of $127.14 and a 52 week high of $192.10. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 33.81 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.61 by $0.35. The business had revenue of $666.42 million during the quarter, compared to analyst estimates of $628.25 million. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 earnings per share. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.40 annualized dividend and a yield of 1.35%. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.57. Houlihan Lokey’s dividend payout ratio (DPR) is currently 41.24%.

Analysts Set New Price Targets

HLI has been the subject of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group increased their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a “market perform” rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey has an average rating of “Hold” and an average target price of $185.00.

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.