Harvest Fund Management Co. Ltd Has $602,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Harvest Fund Management Co. Ltd boosted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 810.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,468 shares of the financial services provider's stock after buying an additional 3,087 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Houlihan Lokey were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HLI. Private Trust Co. NA acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $29,000. Financial Life Planners bought a new position in Houlihan Lokey in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $62,000. Finally, First Horizon Advisors Inc. boosted its position 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 acquiring an additional 198 shares during the period. Institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HLI shares. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their target price for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their target price for the company from $201.00 to $190.00 in a research note on Thursday, March 13th. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $192.00.

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Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock traded up $1.08 during trading on Tuesday, hitting $167.88. 287,635 shares of the company's stock traded hands, compared to its average volume of 327,899. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The company has a market cap of $11.78 billion, a PE ratio of 32.04 and a beta of 0.72. The firm's fifty day moving average price is $173.15 and its 200 day moving average price is $172.45.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data 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 return on equity of 20.04% and a net margin of 16.00%. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

Houlihan Lokey 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.