Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC lessened its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,239 shares of the financial services provider's stock after selling 4,108 shares during the period. Granite Investment Partners LLC owned 0.06% of Houlihan Lokey worth $6,641,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HLI. Townsquare Capital LLC lifted its stake in Houlihan Lokey by 13.5% in the fourth quarter. Townsquare Capital LLC now owns 29,114 shares of the financial services provider's stock worth $5,056,000 after acquiring an additional 3,460 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Houlihan Lokey by 21.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,208 shares of the financial services provider's stock worth $2,120,000 after purchasing an additional 2,155 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Houlihan Lokey by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,899 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 1,033 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Houlihan Lokey by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,053 shares of the financial services provider's stock valued at $4,003,000 after buying an additional 150 shares during the period. Finally, Capital Fund Management S.A. bought a new position in Houlihan Lokey in the fourth quarter worth about $3,002,000. 78.07% of the stock is currently owned by institutional investors.

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Houlihan Lokey Stock Performance

NYSE HLI traded down $1.17 on Tuesday, hitting $153.91. 344,065 shares of the stock were exchanged, compared to its average volume of 351,691. Houlihan Lokey, Inc. has a 52-week low of $122.14 and a 52-week high of $192.10. The stock has a fifty day moving average price of $163.66 and a two-hundred day moving average price of $172.09. The firm has a market capitalization of $10.80 billion, a P/E ratio of 29.37 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

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

Analyst Ratings Changes

HLI has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.