Yousif Capital Management LLC Takes $2.96 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Yousif Capital Management LLC bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,688 shares of the financial services provider’s stock, valued at approximately $2,960,000.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $54,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Houlihan Lokey by 100.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock valued at $65,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Houlihan Lokey in the fourth quarter worth about $85,000. Headlands Technologies LLC purchased a new stake in shares of Houlihan Lokey during the 3rd quarter worth about $87,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $87,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $126.70 on Monday. The stock has a market capitalization of $8.76 billion, a P/E ratio of 31.44 and a beta of 0.68. The business has a 50 day simple moving average of $126.97 and a two-hundred day simple moving average of $118.24. Houlihan Lokey, Inc. has a 12 month low of $84.89 and a 12 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 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $511.30 million during the quarter, compared to analysts’ expectations of $493.02 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 25.97% of the company’s stock.

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.