Aster Capital Management DIFC Ltd Has $225,000 Position in Houlihan Lokey, Inc. (NYSE:HLI)

Aster Capital Management DIFC Ltd decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 66.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,295 shares of the financial services provider's stock after selling 2,527 shares during the period. Aster Capital Management DIFC Ltd's holdings in Houlihan Lokey were worth $225,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nicolet Advisory Services LLC increased its stake in shares of Houlihan Lokey by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock valued at $258,000 after acquiring an additional 70 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 77 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Houlihan Lokey by 2.5% during the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 92 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Houlihan Lokey by 6.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after purchasing an additional 95 shares during the period. Finally, State of Michigan Retirement System increased its stake in Houlihan Lokey by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider's stock worth $2,205,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company cut their price target on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus target price of $183.40.

Houlihan Lokey Trading Up 0.8 %

Shares of Houlihan Lokey stock traded up $1.16 during trading hours on Friday, reaching $151.31. 360,287 shares of the company's stock were exchanged, compared to its average volume of 349,892. The company has a 50 day moving average of $164.89 and a two-hundred day moving average of $172.24. The stock has a market cap of $10.61 billion, a P/E ratio of 28.88 and a beta of 0.84. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10.

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

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.51%. Houlihan Lokey's payout ratio is 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.