Handelsinvest Investeringsforvaltning Has $234,000 Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Handelsinvest Investeringsforvaltning decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 34.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,826 shares of the financial services provider’s stock after selling 948 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Houlihan Lokey were worth $234,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Houlihan Lokey by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider’s stock worth $608,459,000 after buying an additional 143,560 shares during the last quarter. Wellington Management Group LLP increased its holdings in Houlihan Lokey by 56.1% in the third quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock worth $291,761,000 after buying an additional 978,776 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in Houlihan Lokey by 2.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider’s stock worth $205,583,000 after buying an additional 46,443 shares during the last quarter. Fiduciary Management Inc. WI increased its holdings in Houlihan Lokey by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,195,597 shares of the financial services provider’s stock worth $143,364,000 after buying an additional 39,705 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Houlihan Lokey by 14.3% in the third quarter. Ameriprise Financial Inc. now owns 1,098,434 shares of the financial services provider’s stock worth $117,664,000 after buying an additional 137,591 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HLI. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group lowered their price target on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th.

Insider Activity

In other news, insider David A. Preiser sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Stock Up 0.3 %

HLI stock traded up $0.38 during midday trading on Wednesday, hitting $134.49. 5,399 shares of the company traded hands, compared to its average volume of 337,517. Houlihan Lokey, Inc. has a twelve month low of $94.14 and a twelve month high of $137.92. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 32.63 and a beta of 0.67. The business has a 50 day simple moving average of $132.41 and a 200-day simple moving average of $126.97.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share 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 company had revenue of $520.46 million during the quarter, compared to analysts’ expectations of $508.99 million. During the same period in the prior year, the business earned $1.11 earnings per share. Houlihan Lokey’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.63 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.70%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, June 3rd. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

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.