AlphaQuest LLC Purchases 1,796 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

AlphaQuest LLC increased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 309.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,376 shares of the financial services provider's stock after acquiring an additional 1,796 shares during the period. AlphaQuest LLC's holdings in Houlihan Lokey were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLI. Private Trust Co. NA purchased a new position in Houlihan Lokey in the fourth quarter worth about $29,000. Financial Life Planners purchased a new position in shares of Houlihan Lokey in the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey in the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey during the fourth quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. increased its holdings in 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. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded up $2.51 during trading hours on Monday, hitting $161.50. The company's stock had a trading volume of 332,350 shares, compared to its average volume of 325,551. The company has a market cap of $11.33 billion, a PE ratio of 30.82 and a beta of 0.72. The business has a 50 day moving average price of $174.04 and a two-hundred day moving average price of $172.05. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

Remove Ads

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, research 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 was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. Houlihan Lokey's dividend payout ratio is 43.51%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HLI shares. Morgan Stanley upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their price target for the stock from $201.00 to $190.00 in a research note on Thursday. UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $192.00.

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.