Westfield Capital Management Co. LP Purchases 60,782 Shares of Houlihan Lokey, Inc. $HLI

Westfield Capital Management Co. LP boosted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 406,306 shares of the financial services provider’s stock after acquiring an additional 60,782 shares during the period. Westfield Capital Management Co. LP’s holdings in Houlihan Lokey were worth $83,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLI. Westside Investment Management Inc. lifted its position in Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 58 shares during the period. Root Financial Partners LLC bought a new stake in shares of Houlihan Lokey during the third quarter worth approximately $31,000. Cornerstone Planning Group LLC lifted its holdings in Houlihan Lokey by 179.2% in the third quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock valued at $40,000 after buying an additional 129 shares during the period. Strategic Wealth Investment Group LLC bought a new position in Houlihan Lokey in the second quarter valued at approximately $39,000. Finally, Parkside Financial Bank & Trust grew its holdings in Houlihan Lokey by 136.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 308 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 178 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings raised Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. UBS Group reiterated a “neutral” rating and issued a $196.00 price objective on shares of Houlihan Lokey in a report on Friday, January 30th. BMO Capital Markets raised their target price on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Morgan Stanley lowered their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research note on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.17.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $166.05 on Thursday. The company has a market capitalization of $11.59 billion, a P/E ratio of 25.51 and a beta of 0.94. The business has a 50-day moving average of $176.07 and a two-hundred day moving average of $185.51. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $211.78.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.Houlihan Lokey’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.64 earnings per share. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. Houlihan Lokey’s payout ratio is currently 36.87%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert A. Schriesheim sold 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the completion of the sale, the director owned 27,982 shares in the company, valued at approximately $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.