Orion Portfolio Solutions LLC Has $1.25 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Orion Portfolio Solutions LLC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 147.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,921 shares of the financial services provider’s stock after buying an additional 4,725 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Houlihan Lokey were worth $1,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. acquired a new stake in Houlihan Lokey in the 2nd quarter valued at approximately $619,000. Natixis Advisors LLC grew its holdings in shares of Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after purchasing an additional 9,768 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $687,000. &PARTNERS acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $454,000. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $3,260,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $177.53 on Friday. The stock’s fifty day simple moving average is $177.92 and its 200 day simple moving average is $156.76. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 36.30 and a beta of 0.67. Houlihan Lokey, Inc. has a one year low of $112.17 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same quarter in the previous year, the firm earned $1.11 EPS. Houlihan Lokey’s quarterly revenue was up 23.1% on a year-over-year basis. On average, research analysts anticipate that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a $0.57 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.28%. Houlihan Lokey’s payout ratio is 46.63%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a report on Thursday. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $170.60.

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.