Van Berkom & Associates Inc. Acquires 28,600 Shares of Houlihan Lokey, Inc. $HLI

Van Berkom & Associates Inc. boosted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 7.6% in the first quarter, Holdings Channel.com reports. The fund owned 405,978 shares of the financial services provider’s stock after buying an additional 28,600 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Houlihan Lokey were worth $58,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Houlihan Lokey by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 174,695 shares of the financial services provider’s stock valued at $35,868,000 after purchasing an additional 14,483 shares during the last quarter. Robinhood Asset Management LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter worth about $6,862,000. Pier Capital LLC grew its position in shares of Houlihan Lokey by 62.3% during the 4th quarter. Pier Capital LLC now owns 44,000 shares of the financial services provider’s stock worth $7,664,000 after buying an additional 16,894 shares during the period. SG Americas Securities LLC increased its stake in shares of Houlihan Lokey by 1,140.8% in the 4th quarter. SG Americas Securities LLC now owns 47,894 shares of the financial services provider’s stock valued at $8,343,000 after acquiring an additional 44,034 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at about $4,467,000. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

HLI has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a research note on Thursday, July 9th. The Goldman Sachs Group set a $164.00 target price on shares of Houlihan Lokey in a report on Friday, July 10th. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $172.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Finally, Bank of America began coverage on shares of Houlihan Lokey in a report on Friday, July 10th. They issued a “buy” rating and a $164.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.50.

Houlihan Lokey Trading Up 0.1%

HLI opened at $140.13 on Monday. The stock has a market capitalization of $9.68 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.19 and a beta of 0.95. Houlihan Lokey, Inc. has a 12 month low of $130.72 and a 12 month high of $211.78. The firm’s fifty day simple moving average is $141.92 and its 200 day simple moving average is $154.88.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The company had revenue of $635.64 million during the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.Houlihan Lokey’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 7.91 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, June 1st. Houlihan Lokey’s dividend payout ratio is presently 45.02%.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the transaction, the chairman directly owned 6,265 shares of the company’s stock, valued at $941,378.90. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.83% of the stock is owned by corporate insiders.

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.