Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Cinctive Capital Management LP

Cinctive Capital Management LP trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,779 shares of the financial services provider's stock after selling 1,647 shares during the quarter. Cinctive Capital Management LP's holdings in Houlihan Lokey were worth $1,004,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC grew its holdings in shares of Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after purchasing an additional 6,483 shares in the last quarter. State Street Corp increased its position in shares of Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock worth $255,276,000 after acquiring an additional 21,106 shares during the period. Gunderson Capital Management Inc. acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at $5,133,000. Jones Financial Companies Lllp boosted its holdings in Houlihan Lokey by 80.9% in the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock valued at $979,000 after purchasing an additional 2,521 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Houlihan Lokey during the 4th quarter worth $21,613,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Analysts Set New Price Targets

HLI has been the subject of a number of analyst reports. Wells Fargo & Company cut their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group boosted their target price 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $183.40.

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Houlihan Lokey Trading Up 10.4 %

Shares of NYSE HLI traded up $14.75 during trading hours on Wednesday, reaching $156.34. The stock had a trading volume of 754,627 shares, compared to its average volume of 348,277. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 29.84 and a beta of 0.84. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The firm has a 50-day moving average of $166.09 and a 200-day moving average of $172.28.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current 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 1.46%. Houlihan Lokey's dividend payout ratio 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.