Van Berkom & Associates Inc. Reduces Position in Houlihan Lokey, Inc. (NYSE:HLI)

Van Berkom & Associates Inc. lowered its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 405,622 shares of the financial services provider's stock after selling 206,041 shares during the quarter. Houlihan Lokey accounts for 2.1% of Van Berkom & Associates Inc.'s holdings, making the stock its 28th biggest position. Van Berkom & Associates Inc. owned approximately 0.58% of Houlihan Lokey worth $70,440,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Financial Life Planners acquired a new stake in Houlihan Lokey during the 4th quarter worth about $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth about $53,000. First Horizon Advisors Inc. grew its holdings in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after acquiring an additional 198 shares during the period. Quarry LP purchased a new position in Houlihan Lokey during the third quarter valued at approximately $76,000. Finally, Quest Partners LLC acquired a new position in Houlihan Lokey in the third quarter valued at approximately $92,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of HLI stock traded down $3.78 on Tuesday, reaching $166.91. 156,921 shares of the company were exchanged, compared to its average volume of 398,159. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The business has a 50-day moving average price of $177.30 and a 200 day moving average price of $171.03. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 31.85 and a beta of 0.69.

Remove Ads

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

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $194.40.

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.