Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 632,451 shares of the financial services provider’s stock after selling 32,314 shares during the period. Dimensional Fund Advisors LP’s holdings in Houlihan Lokey were worth $75,840,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Yousif Capital Management LLC acquired a new position in shares of Houlihan Lokey in the 4th quarter worth approximately $2,960,000. Raymond James & Associates grew its position in shares of Houlihan Lokey by 14.6% in the 4th quarter. Raymond James & Associates now owns 137,643 shares of the financial services provider’s stock worth $16,505,000 after acquiring an additional 17,544 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Houlihan Lokey by 32.4% in the 4th quarter. Victory Capital Management Inc. now owns 59,208 shares of the financial services provider’s stock worth $7,100,000 after acquiring an additional 14,475 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Houlihan Lokey by 3.6% in the 3rd quarter. Nordea Investment Management AB now owns 427,325 shares of the financial services provider’s stock worth $46,121,000 after acquiring an additional 14,893 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Houlihan Lokey in the 4th quarter worth approximately $1,358,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

HLI opened at $135.80 on Friday. Houlihan Lokey, Inc. has a one year low of $86.60 and a one year high of $137.92. The stock’s fifty day moving average is $129.46 and its 200-day moving average is $122.28. The company has a market capitalization of $9.39 billion, a PE ratio of 33.04 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $520.46 million for the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.72 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Monday, June 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, June 3rd. Houlihan Lokey’s payout ratio is presently 53.53%.

Insider Buying and Selling

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction on Friday, March 1st. The stock was sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 25.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. UBS Group cut 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. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a report on Monday, January 29th.

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.