UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $29.17 Million Stock Position in Houlihan Lokey, Inc. $HLI

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,634 shares of the financial services provider’s stock after acquiring an additional 1,467 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.26% of Houlihan Lokey worth $29,172,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Houlihan Lokey by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider’s stock valued at $857,017,000 after buying an additional 41,030 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Houlihan Lokey by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider’s stock valued at $217,393,000 after buying an additional 20,354 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Houlihan Lokey by 39,574.9% in the 1st quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider’s stock valued at $1,108,500,000 after buying an additional 684,645 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of Houlihan Lokey in the 1st quarter valued at approximately $81,420,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Houlihan Lokey by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after buying an additional 22,553 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,500 shares of company stock worth $9,010,160 in the last ninety days. 22.83% of the stock is owned by insiders.

Houlihan Lokey Stock Performance

Shares of HLI opened at $203.06 on Tuesday. The stock’s 50-day simple moving average is $194.80 and its 200 day simple moving average is $176.62. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 34.19 and a beta of 0.86. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $208.50.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.45. The business had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS. On average, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 40.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLI. Morgan Stanley increased their price objective on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Wall Street Zen downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company raised their price target on Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Keefe, Bruyette & Woods raised Houlihan Lokey from a “hold” rating to a “moderate buy” rating and raised their price target for the company from $185.00 to $232.00 in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Houlihan Lokey currently has a consensus rating of “Moderate Buy” and an average price target of $210.60.

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.