Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,455 shares of the financial services provider’s stock after acquiring an additional 208 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Houlihan Lokey were worth $1,642,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HLI. Geneos Wealth Management Inc. raised its holdings in shares of Houlihan Lokey by 2.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 17,783 shares of the financial services provider’s stock valued at $3,088,000 after purchasing an additional 492 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Houlihan Lokey by 14.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 14,092 shares of the financial services provider’s stock worth $2,447,000 after buying an additional 1,803 shares during the period. Janney Montgomery Scott LLC grew its position in Houlihan Lokey by 1,823.3% during the fourth 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 during the period. SG Americas Securities LLC lifted its holdings 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 valued at $3,140,000 after purchasing an additional 16,633 shares in the last quarter. Finally, Barlow Wealth Partners Inc. lifted its stake 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 valued at $35,351,000 after buying an additional 21,305 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

HLI has been the subject of several recent research reports. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lowered their target price on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $171.00 to $200.00 in a report on Monday, December 9th. UBS Group raised their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.40.

Houlihan Lokey Trading Down 0.3 %

Shares of NYSE HLI opened at $186.08 on Friday. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 38.05 and a beta of 0.69. Houlihan Lokey, Inc. has a 12 month low of $119.28 and a 12 month high of $192.10. The stock has a 50-day moving average price of $179.32 and a two-hundred day moving average price of $165.80.

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

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. Houlihan Lokey’s payout ratio is 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.