Flputnam Investment Management Co. Boosts Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Flputnam Investment Management Co. grew its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,881 shares of the financial services provider's stock after purchasing an additional 5,651 shares during the period. Flputnam Investment Management Co. owned 0.24% of Houlihan Lokey worth $29,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new position in Houlihan Lokey in the 4th quarter valued at $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth $62,000. Finally, First Horizon Advisors Inc. grew its position in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 198 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley lifted their price target on Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, UBS Group upped their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $194.40.

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Houlihan Lokey Price Performance

HLI stock traded down $7.24 during midday trading on Tuesday, reaching $161.91. 297,852 shares of the company's stock traded hands, compared to its average volume of 398,283. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10. The business has a 50-day moving average price of $176.93 and a two-hundred day moving average price of $171.76. The company has a market capitalization of $11.36 billion, a P/E ratio of 30.93 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results 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 net margin of 16.00% and a return on equity of 20.04%. As a group, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business 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 1.41%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's payout ratio is 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.