AXQ Capital LP Buys Shares of 1,927 Houlihan Lokey, Inc. (NYSE:HLI)

AXQ Capital LP purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,927 shares of the financial services provider's stock, valued at approximately $335,000.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Houlihan Lokey during the 4th quarter worth about $143,559,000. Jennison Associates LLC raised its stake in Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after buying an additional 237,615 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Houlihan Lokey in the third quarter valued at approximately $24,177,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after acquiring an additional 149,114 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $21,613,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HLI has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their target price for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price target for the company from $201.00 to $190.00 in a research note on Thursday, March 13th. Finally, UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and an average price target of $192.00.

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Houlihan Lokey Stock Down 3.0 %

Houlihan Lokey stock traded down $4.98 during midday trading on Thursday, hitting $160.98. 562,118 shares of the stock were exchanged, compared to its average volume of 328,490. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10. The business's 50-day moving average price is $172.96 and its 200-day moving average price is $172.54. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 30.72 and a beta of 0.72.

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, 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%. On average, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.42%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Houlihan Lokey Company 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.