Houlihan Lokey, Inc. (NYSE:HLI) Stake Lifted by Dorsey Wright & Associates

Dorsey Wright & Associates lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 4.4% in the fourth quarter, HoldingsChannel reports. The firm owned 22,398 shares of the financial services provider’s stock after purchasing an additional 942 shares during the period. Dorsey Wright & Associates’ holdings in Houlihan Lokey were worth $3,890,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its holdings in shares of Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after buying an additional 77 shares during the period. M&T Bank Corp grew its position in Houlihan Lokey by 2.5% during the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 92 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 95 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Houlihan Lokey by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock valued at $2,205,000 after purchasing an additional 100 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 1.8 %

Houlihan Lokey stock opened at $157.98 on Friday. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The firm’s fifty day simple moving average is $172.13 and its 200-day simple moving average is $172.63. The company has a market capitalization of $11.08 billion, a P/E ratio of 30.15 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. Houlihan Lokey’s payout ratio is currently 43.51%.

Analysts Set New Price Targets

HLI has been the subject of several research analyst reports. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price target for the company from $201.00 to $190.00 in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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.