Houlihan Lokey, Inc. (NYSE:HLI) Position Trimmed by Avior Wealth Management LLC

Avior Wealth Management LLC trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 7.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,218 shares of the financial services provider’s stock after selling 877 shares during the quarter. Avior Wealth Management LLC’s holdings in Houlihan Lokey were worth $1,948,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its position in Houlihan Lokey by 1,823.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider’s stock worth $16,550,000 after buying an additional 90,343 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Houlihan Lokey by 1,148.7% in the fourth quarter. SG Americas Securities LLC now owns 18,081 shares of the financial services provider’s stock worth $3,140,000 after acquiring an additional 16,633 shares during the last quarter. Barlow Wealth Partners Inc. raised its holdings in shares of Houlihan Lokey by 11.8% during the fourth quarter. Barlow Wealth Partners Inc. now owns 201,650 shares of the financial services provider’s stock worth $35,351,000 after acquiring an additional 21,305 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Houlihan Lokey by 12.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 150 shares during the last quarter. Finally, J2 Capital Management Inc purchased a new position in Houlihan Lokey in the fourth quarter valued at about $335,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.2 %

NYSE:HLI opened at $186.52 on Friday. The company’s 50 day moving average is $179.28 and its 200-day moving average is $165.22. Houlihan Lokey, Inc. has a 12 month low of $119.28 and a 12 month high of $192.10. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 38.14 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million during 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 business’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. Research analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.22%. Houlihan Lokey’s payout ratio is 46.63%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HLI. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group raised their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods dropped their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company cut their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $171.00 to $200.00 in a report on Monday, December 9th. 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 stock. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and an average target price of $173.40.

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.