24,688 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by Yousif Capital Management LLC

Yousif Capital Management LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,688 shares of the financial services provider’s stock, valued at approximately $2,960,000.

A number of other hedge funds have also recently modified their holdings of the company. Raymond James & Associates raised its position in Houlihan Lokey by 14.6% during the 4th quarter. Raymond James & Associates now owns 137,643 shares of the financial services provider’s stock valued at $16,505,000 after purchasing an additional 17,544 shares during the last quarter. Nordea Investment Management AB increased its position in Houlihan Lokey by 3.6% during the 3rd quarter. Nordea Investment Management AB now owns 427,325 shares of the financial services provider’s stock valued at $46,121,000 after purchasing an additional 14,893 shares during the period. Assenagon Asset Management S.A. bought a new position in Houlihan Lokey in the 4th quarter worth $1,358,000. Wellington Management Group LLP lifted its position in shares of Houlihan Lokey by 56.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock worth $291,761,000 after purchasing an additional 978,776 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of Houlihan Lokey during the 3rd quarter valued at about $1,562,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 0.3 %

Houlihan Lokey stock opened at $126.70 on Monday. The stock’s 50 day moving average is $126.97 and its 200 day moving average is $118.24. The company has a market capitalization of $8.76 billion, a P/E ratio of 31.44 and a beta of 0.68. Houlihan Lokey, Inc. has a twelve month low of $84.89 and a twelve month high of $133.80.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.10. The firm had revenue of $511.30 million during the quarter, compared to the consensus estimate of $493.02 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company earned $1.14 earnings per share. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 4.42 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Thursday, February 29th. Houlihan Lokey’s payout ratio is 54.59%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLI. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th. Finally, UBS Group raised their price objective on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 25.97% of the stock is owned by insiders.

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.