Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,312 shares of the financial services provider’s stock after purchasing an additional 1,480 shares during the period. NewEdge Advisors LLC’s holdings in Houlihan Lokey were worth $4,569,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $29,000. Financial Life Planners purchased a new position in shares of Houlihan Lokey in the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC purchased a new stake in Houlihan Lokey during the 4th quarter worth $62,000. Finally, Mather Group LLC. boosted its position in Houlihan Lokey by 24.8% in the 4th 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 during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Wells Fargo & Company reduced their price objective on shares of Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $183.40.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $153.17 on Friday. Houlihan Lokey, Inc. has a 1 year low of $123.53 and a 1 year high of $192.10. The firm’s 50-day moving average is $161.93 and its 200-day moving average is $171.97. The company has a market cap of $10.74 billion, a P/E ratio of 29.23 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, sell-side 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 $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.49%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

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.