Aigen Investment Management LP Invests $518,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Aigen Investment Management LP bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,983 shares of the financial services provider's stock, valued at approximately $518,000.

Several other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc increased its stake in 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 valued at $281,000 after purchasing an additional 77 shares during the last quarter. M&T Bank Corp increased its stake in shares of 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 valued at $655,000 after acquiring an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in Houlihan Lokey by 6.2% in the fourth 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. New York State Teachers Retirement System increased 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 worth $2,724,000 after purchasing an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in Houlihan Lokey by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock worth $2,205,000 after purchasing an additional 100 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

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Houlihan Lokey Price Performance

HLI traded up $0.12 during trading hours on Friday, reaching $157.45. 456,960 shares of the stock traded hands, compared to its average volume of 406,645. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 30.05 and a beta of 0.72. The firm's fifty day simple moving average is $175.66 and its two-hundred day simple moving average is $171.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced 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, research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Morgan Stanley raised their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $194.40.

Houlihan Lokey 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.