HighTower Advisors LLC Decreases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

HighTower Advisors LLC decreased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,557 shares of the financial services provider's stock after selling 13,353 shares during the period. HighTower Advisors LLC owned 0.35% of Houlihan Lokey worth $42,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLI. Janney Montgomery Scott LLC increased its stake in Houlihan Lokey by 110.9% during the third quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider's stock worth $783,000 after acquiring an additional 2,606 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Houlihan Lokey by 2,482.4% during the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider's stock worth $1,551,000 after purchasing an additional 9,433 shares during the period. Atria Investments Inc increased its position in shares of Houlihan Lokey by 3.7% during the 3rd quarter. Atria Investments Inc now owns 22,497 shares of the financial services provider's stock worth $3,555,000 after purchasing an additional 809 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth about $254,000. Finally, Crossmark Global Holdings Inc. raised its holdings in Houlihan Lokey by 25.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider's stock valued at $741,000 after buying an additional 944 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Remove Ads

Houlihan Lokey Stock Up 1.6 %

HLI stock traded up $2.51 during midday trading on Monday, hitting $161.50. The company's stock had a trading volume of 332,350 shares, compared to its average volume of 407,659. The firm has a 50-day simple moving average of $174.04 and a 200-day simple moving average of $172.05. The firm has a market capitalization of $11.33 billion, a P/E ratio of 30.82 and a beta of 0.72. 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 announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating 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%. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's dividend payout ratio is presently 43.51%.

Wall Street Analyst Weigh In

HLI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their target price for the company from $180.00 to $179.00 in a report on Tuesday, March 11th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $192.00.

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.