Dynamic Technology Lab Private Ltd Sells 2,571 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 38.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,072 shares of the financial services provider's stock after selling 2,571 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Houlihan Lokey were worth $707,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Houlihan Lokey by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock worth $914,420,000 after acquiring an additional 98,495 shares in the last quarter. State Street Corp boosted its stake in Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock valued at $255,276,000 after purchasing an additional 21,106 shares during the last quarter. Geode Capital Management LLC increased its holdings in Houlihan Lokey by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock worth $153,405,000 after purchasing an additional 26,564 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $143,559,000. Finally, Norges Bank bought a new position in shares of Houlihan Lokey in the fourth quarter valued at approximately $114,047,000. Institutional investors and hedge funds own 78.07% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on HLI. Morgan Stanley decreased their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group increased their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their price target on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Hold" and a consensus target price of $183.40.

Houlihan Lokey Stock Performance

NYSE HLI traded down $0.62 on Friday, hitting $149.53. 116,298 shares of the stock traded hands, compared to its average volume of 348,374. The business's fifty day moving average is $165.47 and its two-hundred day moving average is $172.20. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 28.51 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping 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%. Analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) 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.