2,760 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,760 shares of the financial services provider's stock, valued at approximately $479,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in Houlihan Lokey in the fourth quarter valued at about $29,000. Financial Life Planners purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth about $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in Houlihan Lokey during the fourth quarter valued at approximately $62,000. Finally, Quarry LP bought a new position in Houlihan Lokey in the 3rd quarter valued at $76,000. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Down 4.9 %

Shares of Houlihan Lokey stock traded down $7.65 during trading on Thursday, reaching $148.21. The company's stock had a trading volume of 156,788 shares, compared to its average volume of 347,567. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10. The firm's 50-day moving average is $166.09 and its two-hundred day moving average is $172.28. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 28.25 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly 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%. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

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Houlihan Lokey Dividend Announcement

The business also recently declared 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 1.54%. Houlihan Lokey's dividend payout ratio (DPR) is currently 43.51%.

Wall Street Analyst Weigh In

HLI has been the subject of several research analyst reports. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday. Morgan Stanley decreased their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday. Finally, StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $183.40.

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.