Quantinno Capital Management LP Invests $252,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Quantinno Capital Management LP bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,453 shares of the financial services provider's stock, valued at approximately $252,000.

A number of other institutional investors have also recently modified their holdings of the stock. Nicolet Advisory Services LLC grew its stake in shares of Houlihan Lokey by 4.8% in the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock worth $258,000 after acquiring an additional 70 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after acquiring an additional 77 shares during the last quarter. Mariner LLC grew its stake in shares of Houlihan Lokey by 0.7% in the fourth quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after acquiring an additional 81 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Houlihan Lokey by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider's stock worth $284,000 after acquiring an additional 88 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock worth $655,000 after acquiring an additional 92 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $178.71, for a total transaction of $1,431,109.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.68% of the company's stock.

Houlihan Lokey Price Performance

NYSE HLI opened at $172.96 on Tuesday. The stock has a market capitalization of $12.13 billion, a PE ratio of 33.01 and a beta of 0.82. The business has a 50 day simple moving average of $162.48 and a two-hundred day simple moving average of $171.73. Houlihan Lokey, Inc. has a 1-year low of $127.14 and a 1-year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be issued a $0.60 dividend. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.39%. Houlihan Lokey's payout ratio is 41.24%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen raised Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $185.00.

Check Out Our Latest Stock Report on Houlihan Lokey

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.

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