GW&K Investment Management LLC Sells 16,873 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

GW&K Investment Management LLC decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 426,127 shares of the financial services provider's stock after selling 16,873 shares during the quarter. GW&K Investment Management LLC owned approximately 0.61% of Houlihan Lokey worth $74,001,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc boosted its holdings in Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after purchasing an additional 77 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock worth $282,000 after acquiring an additional 95 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider's stock valued at $2,724,000 after acquiring an additional 100 shares during the last quarter. Pathstone Holdings LLC raised its stake in shares of Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider's stock valued at $3,443,000 after acquiring an additional 115 shares in the last quarter. Finally, Mather Group LLC. raised its stake in shares of Houlihan Lokey by 24.8% in 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 in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently commented on HLI. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group lifted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Houlihan Lokey currently has an average rating of "Hold" and an average target price of $194.40.

Houlihan Lokey Trading Down 4.7 %

Shares of Houlihan Lokey stock traded down $8.01 during trading on Tuesday, reaching $161.14. The stock had a trading volume of 468,770 shares, compared to its average volume of 399,482. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 30.75 and a beta of 0.72. The stock has a fifty day moving average price of $176.93 and a two-hundred day moving average price of $171.76. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

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.