Edgestream Partners L.P. Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Edgestream Partners L.P. raised its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 289.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,139 shares of the financial services provider's stock after buying an additional 25,378 shares during the period. Edgestream Partners L.P.'s holdings in Houlihan Lokey were worth $5,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc grew its holdings in shares of 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 acquiring an additional 77 shares during the period. M&T Bank Corp grew its holdings in Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after buying an additional 95 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider's stock worth $2,724,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of Houlihan Lokey by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock worth $2,205,000 after buying an additional 100 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

HLI has been the subject of several recent research reports. UBS Group raised 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. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their target price for the company from $180.00 to $179.00 in a report on Tuesday. Morgan Stanley raised their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $194.20.

Houlihan Lokey Price Performance

HLI traded up $3.06 during trading on Tuesday, hitting $157.49. The company's stock had a trading volume of 557,000 shares, compared to its average volume of 413,865. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The stock has a market cap of $11.05 billion, a PE ratio of 30.06 and a beta of 0.72. The firm's 50 day moving average price is $175.66 and its 200-day moving average price is $171.96.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. 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 disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.45%. Houlihan Lokey's 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.