Wealthcare Capital Partners LLC Buys New Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Wealthcare Capital Partners LLC acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,294 shares of the financial services provider's stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strategic Wealth Investment Group LLC lifted its position in Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider's stock valued at $1,293,000 after purchasing an additional 62 shares during the period. UMB Bank n.a. lifted its position in Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 96 shares during the period. New York State Teachers Retirement System lifted its position in Houlihan Lokey by 0.6% during the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider's stock valued at $2,724,000 after purchasing an additional 100 shares during the period. Pathstone Holdings LLC lifted its position in Houlihan Lokey by 0.5% during the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider's stock valued at $3,443,000 after purchasing an additional 115 shares during the period. Finally, Mather Group LLC. raised its position in Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after acquiring an additional 116 shares during the period. Institutional investors own 78.07% of the company's stock.

Analyst Ratings Changes

HLI has been the topic of several recent research reports. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley increased their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $194.40.

Houlihan Lokey Stock Performance

Shares of NYSE HLI traded down $0.06 during midday trading on Friday, reaching $178.42. The stock had a trading volume of 160,466 shares, compared to its average volume of 413,294. The stock has a 50-day moving average of $177.69 and a 200-day moving average of $169.25. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 34.04 and a beta of 0.69. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data 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, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.28%. Houlihan Lokey's payout ratio is 43.51%.

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.