Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,350 shares of the financial services provider's stock after selling 23,889 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in Houlihan Lokey were worth $1,971,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Private Trust Co. NA purchased a new stake in Houlihan Lokey during the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new stake in shares of Houlihan Lokey in the fourth quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey in the fourth quarter valued at $62,000. Finally, Mather Group LLC. boosted its stake in Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 116 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Down 0.8 %

NYSE HLI traded down $1.17 during trading hours on Tuesday, reaching $153.91. The company's stock had a trading volume of 344,065 shares, compared to its average volume of 351,691. The stock has a market cap of $10.80 billion, a PE ratio of 29.37 and a beta of 0.84. The business has a 50-day simple moving average of $163.66 and a 200 day simple moving average of $172.09. Houlihan Lokey, Inc. has a 52 week low of $122.14 and a 52 week high of $192.10.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.48%. Houlihan Lokey's dividend payout ratio is presently 43.51%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price target on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. 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, Houlihan Lokey has a consensus rating of "Hold" and a consensus price target of $183.40.

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.