Versor Investments LP Increases Holdings in Houlihan Lokey, Inc. $HLI

Versor Investments LP increased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 49.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,995 shares of the financial services provider’s stock after buying an additional 995 shares during the quarter. Versor Investments LP’s holdings in Houlihan Lokey were worth $539,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Amundi raised its stake in shares of Houlihan Lokey by 404.0% in the 1st quarter. Amundi now owns 63,433 shares of the financial services provider’s stock valued at $9,725,000 after purchasing an additional 50,847 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Houlihan Lokey during the 1st quarter worth approximately $210,000. New York State Teachers Retirement System lifted its holdings in Houlihan Lokey by 1.1% during the 1st quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider’s stock worth $2,895,000 after buying an additional 200 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Houlihan Lokey by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock worth $345,000 after buying an additional 61 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Houlihan Lokey by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,955 shares of the financial services provider’s stock worth $2,738,000 after buying an additional 4,056 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 0.5%

NYSE HLI opened at $179.05 on Wednesday. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 30.14 and a beta of 0.87. The company has a 50-day moving average price of $198.03 and a two-hundred day moving average price of $186.92.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey’s payout ratio is presently 38.71%.

Analysts Set New Price Targets

A number of research firms have commented on HLI. Wells Fargo & Company increased their target price on Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a report on Monday, October 13th. Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.43.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total transaction of $7,998,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,311 shares of company stock valued at $9,477,040 in the last quarter. Corporate insiders own 22.83% of the company’s stock.

Houlihan Lokey 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.