Magnetar Financial LLC Acquires New Shares in Houlihan Lokey, Inc. (NYSE:HLI)

Magnetar Financial LLC bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,007 shares of the financial services provider's stock, valued at approximately $2,953,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc raised its stake in 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 worth $281,000 after buying an additional 77 shares during the period. M&T Bank Corp raised its position in shares of Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock worth $655,000 after purchasing an additional 92 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of Houlihan Lokey by 6.2% during 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 in the last quarter. State of Michigan Retirement System lifted its holdings in shares of 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 valued at $2,205,000 after purchasing an additional 100 shares in the last quarter. Finally, Pathstone Holdings LLC increased its stake in Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider's stock worth $3,443,000 after purchasing an additional 115 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HLI. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four 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, the company presently has an average rating of "Hold" and a consensus price target of $192.00.

Houlihan Lokey Trading Up 0.6 %

Shares of Houlihan Lokey stock traded up $1.08 on Tuesday, reaching $167.88. 287,635 shares of the company were exchanged, compared to its average volume of 327,899. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 32.04 and a beta of 0.72. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10. The company has a 50-day moving average of $173.15 and a 200 day moving average of $172.45.

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

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.36%. Houlihan Lokey's dividend payout ratio is currently 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.