2,381 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,381 shares of the financial services provider's stock, valued at approximately $413,000.

A number of other institutional investors have also made changes to their positions in HLI. Retirement Systems of Alabama lifted its holdings in Houlihan Lokey by 1.0% during the fourth quarter. Retirement Systems of Alabama now owns 65,156 shares of the financial services provider's stock worth $11,315,000 after acquiring an additional 628 shares in the last quarter. Mather Group LLC. lifted its holdings in Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after acquiring an additional 116 shares in the last quarter. Longboard Asset Management LP bought a new position in Houlihan Lokey during the fourth quarter worth about $208,000. Rheos Capital Works Inc. lifted its holdings in Houlihan Lokey by 15.8% during the fourth quarter. Rheos Capital Works Inc. now owns 73,400 shares of the financial services provider's stock worth $12,747,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Financial Life Planners bought a new position in Houlihan Lokey during the fourth quarter worth about $33,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

NYSE HLI traded down $2.16 during trading on Wednesday, reaching $177.69. 660,796 shares of the company's stock were exchanged, compared to its average volume of 426,314. The business has a 50 day moving average price of $177.82 and a 200-day moving average price of $169.18. The stock has a market capitalization of $12.35 billion, a P/E ratio of 33.91 and a beta of 0.69. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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, analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HLI shares. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Morgan Stanley upped their target price on Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price 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, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and an average price target of $194.40.

About Houlihan Lokey

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.