Lecap Asset Management Ltd. Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Lecap Asset Management Ltd. purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,193 shares of the financial services provider's stock, valued at approximately $1,075,000.

Several other hedge funds have also bought and sold shares of HLI. Financial Life Planners bought a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $33,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey in the third quarter worth about $38,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the fourth quarter worth approximately $53,000. First Horizon Advisors Inc. grew its holdings in shares of Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after buying an additional 198 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Houlihan Lokey during the third quarter valued at approximately $76,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Down 0.3 %

Shares of Houlihan Lokey stock traded down $0.48 during trading hours on Tuesday, reaching $179.84. 481,800 shares of the stock traded hands, compared to its average volume of 417,630. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 34.32 and a beta of 0.69. The company has a 50 day moving average price of $177.97 and a 200 day moving average price of $169.12.

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 (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current 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 issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.27%. Houlihan Lokey's dividend payout ratio is currently 43.51%.

Analyst Ratings Changes

Several analysts have commented on HLI shares. JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued 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 raised their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Finally, JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently 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.