Capital Fund Management S.A. Acquires Shares of 17,284 Houlihan Lokey, Inc. (NYSE:HLI)

Capital Fund Management S.A. purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,284 shares of the financial services provider's stock, valued at approximately $3,002,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nicolet Advisory Services LLC raised its holdings in Houlihan Lokey by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock worth $258,000 after acquiring an additional 70 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after buying an additional 77 shares in the last quarter. M&T Bank Corp lifted its stake in 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 period. Atria Wealth Solutions Inc. boosted its holdings in shares of Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after acquiring an additional 95 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of 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 valued at $2,205,000 after purchasing an additional 100 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group upped their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company cut 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, April 8th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley cut their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $183.40.

Houlihan Lokey Stock Up 0.7 %

NYSE:HLI traded up $1.07 on Friday, reaching $153.17. 225,079 shares of the company's stock traded hands, compared to its average volume of 352,972. The stock has a 50-day simple moving average of $161.93 and a 200-day simple moving average of $172.06. Houlihan Lokey, Inc. has a 12 month low of $123.53 and a 12 month high of $192.10. The firm has a market cap of $10.74 billion, a PE ratio of 29.23 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 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%. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued 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 1.49%. Houlihan Lokey's dividend payout ratio is currently 43.51%.

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.