Atria Investments Inc Boosts Position in Houlihan Lokey, Inc. $HLI

Atria Investments Inc boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,789 shares of the financial services provider’s stock after purchasing an additional 2,354 shares during the quarter. Atria Investments Inc’s holdings in Houlihan Lokey were worth $3,561,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC raised its stake in shares of Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Motco acquired a new stake in shares of Houlihan Lokey in the first quarter valued at approximately $29,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new stake in shares of Houlihan Lokey in the first quarter valued at approximately $33,000. Finally, TCTC Holdings LLC grew its position in shares of Houlihan Lokey by 103.5% in the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $179.05 on Monday. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The company has a 50 day moving average price of $198.82 and a 200 day moving average price of $186.56. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 30.14 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. During the same period in the previous year, the company earned $1.46 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.60 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.3%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 40.40%.

Analysts Set New Price Targets

HLI has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Houlihan Lokey in a research note on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price on the stock. Zacks Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods dropped their price objective on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.43.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,311 shares of company stock worth $9,477,040 in the last three months. 22.83% of the stock is currently owned by company insiders.

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.