Westfield Capital Management Co. LP Has $83.42 Million Stock Holdings in Houlihan Lokey, Inc. $HLI

Westfield Capital Management Co. LP boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 406,306 shares of the financial services provider’s stock after acquiring an additional 60,782 shares during the period. Westfield Capital Management Co. LP owned approximately 0.58% of Houlihan Lokey worth $83,423,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HLI. Mayflower Financial Advisors LLC acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth approximately $230,335,000. Norges Bank bought a new position in Houlihan Lokey in the second quarter worth $126,723,000. Champlain Investment Partners LLC lifted its position in Houlihan Lokey by 194.9% in the second quarter. Champlain Investment Partners LLC now owns 546,340 shares of the financial services provider’s stock worth $98,314,000 after purchasing an additional 361,085 shares during the period. Thrivent Financial for Lutherans boosted its stake in Houlihan Lokey by 75.6% during the third quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock worth $146,495,000 after buying an additional 307,214 shares in the last quarter. Finally, Renaissance Group LLC bought a new stake in Houlihan Lokey in the 2nd quarter valued at $34,115,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HLI. Morgan Stanley reduced their price objective on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Weiss Ratings raised shares of Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. BMO Capital Markets upped their price objective on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Keefe, Bruyette & Woods cut their target price on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $196.00 price target on shares of Houlihan Lokey in a research report on Friday, January 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $209.17.

Houlihan Lokey Price Performance

NYSE HLI opened at $166.05 on Thursday. The stock’s 50 day simple moving average is $176.07 and its 200 day simple moving average is $185.51. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The firm has a market cap of $11.59 billion, a PE ratio of 25.51 and a beta of 0.94.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.The company’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.4%. Houlihan Lokey’s dividend payout ratio is 36.87%.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert A. Schriesheim sold 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $170.86, for a total transaction of $854,300.00. Following the sale, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 22.83% of the stock is owned by corporate insiders.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.