Gunderson Capital Management Inc. Invests $5.13 Million in Houlihan Lokey, Inc. (NYSE:HLI)

Gunderson Capital Management Inc. acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,556 shares of the financial services provider's stock, valued at approximately $5,133,000. Houlihan Lokey accounts for 2.5% of Gunderson Capital Management Inc.'s holdings, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Houlihan Lokey during the 2nd quarter valued at about $38,000. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey in the third quarter valued at approximately $38,000. First Horizon Advisors Inc. boosted its holdings 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 buying an additional 198 shares during the period. Quarry LP bought a new stake in shares of Houlihan Lokey during the third quarter worth $76,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Houlihan Lokey by 69.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider's stock worth $91,000 after acquiring an additional 277 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Trading Up 1.9 %

Shares of NYSE:HLI traded up $3.19 during trading on Tuesday, hitting $168.14. 460,467 shares of the company were exchanged, compared to its average volume of 375,459. Houlihan Lokey, Inc. has a fifty-two week low of $112.84 and a fifty-two week high of $192.10. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 34.38 and a beta of 0.69. The firm has a fifty day moving average price of $179.93 and a two-hundred day moving average price of $163.09.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company's quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.36%. Houlihan Lokey's dividend payout ratio is currently 46.63%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HLI shares. Wells Fargo & Company reduced their target price on shares of Houlihan Lokey from $180.00 to $178.00 and set an "underweight" rating for the company in a research note on Tuesday. Morgan Stanley downgraded Houlihan Lokey from an "equal weight" rating to an "underweight" rating and increased their price objective for the stock from $171.00 to $200.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $172.00 to $170.00 and set a "market perform" rating on the stock in a research report on Monday. UBS Group upped their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and an average target price of $173.40.

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.