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

Orion Portfolio Solutions LLC increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 147.8% in the third quarter, Holdings Channel reports. The firm 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.

A number of other institutional investors have also made changes to their positions in HLI. Millennium Management LLC grew its stake in shares of Houlihan Lokey by 24,074.0% during the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after purchasing an additional 499,535 shares during the period. Fiera Capital Corp grew its stake in shares of Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after purchasing an additional 246,705 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares during the period. Eagle Asset Management Inc. grew its stake in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares during the period. Finally, Azora Capital LP acquired a new stake in shares of Houlihan Lokey during the third quarter worth $13,230,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of analyst reports. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company boosted their target price on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, UBS Group boosted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $170.60.

Houlihan Lokey Price Performance

HLI stock opened at $177.53 on Friday. The stock has a market capitalization of $12.34 billion, a P/E ratio of 36.30 and a beta of 0.67. The business has a 50-day moving average of $177.92 and a 200-day moving average of $156.76. Houlihan Lokey, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Houlihan Lokey’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 earnings per share. Equities analysts expect that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders 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 1.28%. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

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.