2,873 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,873 shares of the financial services provider’s stock, valued at approximately $368,000.

A number of other institutional investors have also recently bought and sold shares of HLI. Accent Capital Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth about $42,000. Benjamin F. Edwards & Company Inc. boosted its position in Houlihan Lokey by 194.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 265 shares during the period. Anchor Investment Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth about $54,000. Mather Group LLC. acquired a new stake in Houlihan Lokey during the 1st quarter worth about $74,000. Finally, Principal Securities Inc. acquired a new stake in Houlihan Lokey during the 4th quarter worth about $82,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded up $4.32 during trading on Tuesday, hitting $148.31. 280,456 shares of the stock traded hands, compared to its average volume of 335,011. The stock has a market cap of $10.17 billion, a P/E ratio of 35.41 and a beta of 0.67. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $149.18. The company has a fifty day moving average price of $133.92 and a two-hundred day moving average price of $128.05.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The business had revenue of $520.46 million during the quarter, compared to analyst estimates of $508.99 million. During the same period in the previous year, the company earned $1.11 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 5.63 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Monday, June 3rd were issued a $0.57 dividend. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Monday, June 3rd. Houlihan Lokey’s payout ratio is 55.47%.

Analysts Set New Price Targets

A number of equities research analysts have commented on HLI shares. UBS Group raised their price objective on Houlihan Lokey from $145.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Houlihan Lokey from $132.00 to $139.00 and gave the company a “market perform” rating in a report on Friday.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider David A. Preiser sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The disclosure for this sale can be found here. Corporate insiders own 25.97% 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.