Oppenheimer Asset Management Inc. Has $4.62 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Oppenheimer Asset Management Inc. boosted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 2.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,213 shares of the financial services provider’s stock after acquiring an additional 690 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Houlihan Lokey were worth $4,616,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in Houlihan Lokey in the 1st quarter valued at about $306,000. QRG Capital Management Inc. raised its holdings in Houlihan Lokey by 12.3% in the 1st quarter. QRG Capital Management Inc. now owns 2,748 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 302 shares during the period. Bleakley Financial Group LLC raised its holdings in Houlihan Lokey by 9.3% in the 1st quarter. Bleakley Financial Group LLC now owns 4,133 shares of the financial services provider’s stock valued at $530,000 after acquiring an additional 353 shares during the period. Vanguard Group Inc. raised its holdings in Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock valued at $654,300,000 after acquiring an additional 29,843 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in Houlihan Lokey by 193.9% in the 1st quarter. Edgestream Partners L.P. now owns 46,014 shares of the financial services provider’s stock valued at $5,899,000 after acquiring an additional 30,355 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the sale, the director now owns 7,001 shares in the company, valued at approximately $1,067,582.49. This trade represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,600 shares of company stock worth $249,860. Corporate insiders own 23.68% of the company’s stock.

Houlihan Lokey Trading Down 0.0 %

Shares of HLI opened at $184.05 on Friday. Houlihan Lokey, Inc. has a 12 month low of $102.29 and a 12 month high of $190.66. The firm’s 50 day moving average is $166.88 and its 200-day moving average is $149.50. The stock has a market capitalization of $12.80 billion, a PE ratio of 37.64 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.24%. Houlihan Lokey’s dividend payout ratio is 46.63%.

Analyst Ratings Changes

HLI has been the topic of several research analyst reports. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group increased their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Morgan Stanley raised their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $157.00.

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.