Montanaro Asset Management Ltd Cuts Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Montanaro Asset Management Ltd trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,000 shares of the financial services provider's stock after selling 56,000 shares during the period. Houlihan Lokey makes up approximately 3.4% of Montanaro Asset Management Ltd's portfolio, making the stock its 10th biggest holding. Montanaro Asset Management Ltd owned approximately 0.14% of Houlihan Lokey worth $16,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HLI. Quest Partners LLC purchased a new stake in shares of Houlihan Lokey in the 3rd quarter valued at $92,000. Charles Schwab Investment Management Inc. boosted its position in Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after buying an additional 149,114 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Houlihan Lokey by 78.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 6,643 shares of the financial services provider's stock valued at $1,050,000 after buying an additional 2,924 shares during the period. Townsquare Capital LLC grew its stake in shares of Houlihan Lokey by 6.6% during the third quarter. Townsquare Capital LLC now owns 25,654 shares of the financial services provider's stock valued at $4,054,000 after buying an additional 1,598 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Houlihan Lokey by 4.1% in the third quarter. Bridgewater Associates LP now owns 6,749 shares of the financial services provider's stock worth $1,066,000 after buying an additional 267 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded up $1.15 during mid-day trading on Monday, reaching $159.25. 85,972 shares of the company traded hands, compared to its average volume of 405,765. The firm has a market cap of $11.17 billion, a PE ratio of 30.39 and a beta of 0.72. Houlihan Lokey, Inc. has a 52 week low of $122.14 and a 52 week high of $192.10. The company's 50 day moving average price is $172.13 and its 200-day moving average price is $172.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates 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, research analysts predict 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. Stockholders 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 1.43%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HLI. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company raised shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price target for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley upgraded shares of Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price target for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. Finally, UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $192.00.

Houlihan Lokey Company 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.