Advisory Services Network LLC Increases Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Advisory Services Network LLC increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 165.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,631 shares of the financial services provider's stock after buying an additional 4,130 shares during the period. Advisory Services Network LLC's holdings in Houlihan Lokey were worth $1,152,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HLI. Private Trust Co. NA acquired a new position in Houlihan Lokey in the fourth quarter worth about $29,000. Financial Life Planners bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at about $33,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey during the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at $62,000. Finally, Mather Group LLC. grew 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 worth $101,000 after purchasing an additional 116 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of HLI stock traded down $1.17 on Tuesday, hitting $153.91. 344,065 shares of the company's stock were exchanged, compared to its average volume of 351,691. The stock has a market cap of $10.80 billion, a P/E ratio of 29.37 and a beta of 0.84. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The company has a 50 day moving average of $163.66 and a 200 day moving average of $172.09.

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

Houlihan Lokey Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on HLI. JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. 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 research note on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley decreased their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and a consensus price target of $183.40.

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.