Houlihan Lokey, Inc. $HLI Shares Bought by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,225,966 shares of the financial services provider’s stock after buying an additional 36,144 shares during the quarter. Houlihan Lokey comprises about 2.1% of Burgundy Asset Management Ltd.’s portfolio, making the stock its 8th biggest position. Burgundy Asset Management Ltd. owned approximately 1.76% of Houlihan Lokey worth $220,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Houlihan Lokey during the first quarter valued at approximately $33,000. Trust Co. of Toledo NA OH acquired a new position in Houlihan Lokey during the second quarter worth $34,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Houlihan Lokey by 3,714.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider’s stock valued at $43,000 after buying an additional 260 shares in the last quarter. MAI Capital Management grew its holdings in shares of Houlihan Lokey by 268.0% during the second quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock valued at $66,000 after buying an additional 268 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Houlihan Lokey during the first quarter worth about $81,000. Institutional investors own 78.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on HLI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Monday, December 1st. Morgan Stanley raised their target price on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Keefe, Bruyette & Woods decreased their price target on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a report on Monday, October 13th. BMO Capital Markets initiated coverage on Houlihan Lokey in a research report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Houlihan Lokey has a consensus rating of “Moderate Buy” and an average target price of $212.43.

Houlihan Lokey Price Performance

NYSE HLI opened at $179.70 on Friday. The business’s fifty day moving average is $186.41 and its 200-day moving average is $188.30. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 28.98 and a beta of 0.95. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The business had revenue of $659.45 million during the quarter, compared to the consensus estimate of $639.08 million. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 earnings per share. Research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. Houlihan Lokey’s payout ratio is 38.71%.

Insider Buying and Selling

In related news, Chairman Irwin Gold sold 6,811 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Company 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.