Franklin Parlapiano Turner & Welch LLC Trims Position in Houlihan Lokey, Inc. (NYSE:HLI)

Franklin Parlapiano Turner & Welch LLC cut its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,910 shares of the financial services provider's stock after selling 6,823 shares during the period. Houlihan Lokey makes up approximately 2.8% of Franklin Parlapiano Turner & Welch LLC's holdings, making the stock its 6th biggest position. Franklin Parlapiano Turner & Welch LLC owned 0.08% of Houlihan Lokey worth $10,230,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey in the 3rd quarter valued at $38,000. First Horizon Advisors Inc. raised its position in Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after purchasing an additional 198 shares in the last quarter. Quarry LP acquired a new position in Houlihan Lokey in the third quarter worth about $76,000. Quest Partners LLC bought a new position in Houlihan Lokey during the third quarter worth about $92,000. Finally, UMB Bank n.a. grew its stake in shares of Houlihan Lokey by 12.6% in the 3rd quarter. UMB Bank n.a. now owns 857 shares of the financial services provider's stock valued at $135,000 after purchasing an additional 96 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

Houlihan Lokey stock traded up $1.45 during trading hours on Thursday, reaching $181.25. 316,047 shares of the company's stock traded hands, compared to its average volume of 432,122. Houlihan Lokey, Inc. has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The firm's 50 day moving average is $179.10 and its 200-day moving average is $166.69. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 37.04 and a beta of 0.69.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. Houlihan Lokey's dividend payout ratio is presently 46.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday. StockNews.com upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Tuesday. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday. 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. Finally, Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.