The Manufacturers Life Insurance Company boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 71.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,499 shares of the financial services provider’s stock after purchasing an additional 6,883 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Houlihan Lokey worth $576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its stake in shares of Houlihan Lokey by 29.3% during the second quarter. TIAA CREF Investment Management LLC now owns 192,943 shares of the financial services provider’s stock worth $6,734,000 after acquiring an additional 43,706 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Houlihan Lokey by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 137,759 shares of the financial services provider’s stock worth $4,808,000 after acquiring an additional 4,238 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Houlihan Lokey by 122.1% during the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock worth $41,645,000 after acquiring an additional 655,940 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Houlihan Lokey by 133.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 46,900 shares of the financial services provider’s stock worth $1,637,000 after acquiring an additional 26,800 shares in the last quarter. Finally, Sawgrass Asset Management LLC purchased a new position in shares of Houlihan Lokey during the second quarter worth approximately $369,000. 34.04% of the stock is currently owned by institutional investors and hedge funds.

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Houlihan Lokey, Inc. (HLI) opened at $43.99 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey, Inc. has a one year low of $27.52 and a one year high of $44.43. The company has a market cap of $2,910.31, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.94 and a beta of 0.38.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The company had revenue of $242.20 million for the quarter, compared to the consensus estimate of $207.72 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. analysts anticipate that Houlihan Lokey, Inc. will post 2.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, December 1st. Houlihan Lokey’s payout ratio is 37.91%.

Several research analysts have commented on HLI shares. TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. UBS AG lifted their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $40.00 target price on shares of Houlihan Lokey in a research note on Sunday, August 27th. BidaskClub raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.33.

In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Scott Joseph Adelson sold 60,589 shares of Houlihan Lokey stock in a transaction on Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $2,522,320.07. Following the completion of the sale, the insider now owns 90,683 shares in the company, valued at approximately $3,775,133.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,807,387 shares of company stock worth $113,183,620. 69.70% of the stock is owned by insiders.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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