New Age Alpha Advisors LLC Buys New Stake in Houlihan Lokey, Inc. (NYSE:HLI)

New Age Alpha Advisors LLC bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,791 shares of the financial services provider's stock, valued at approximately $2,048,000.

Several other institutional investors and hedge funds have also bought and sold shares of HLI. CIBC Asset Management Inc lifted its stake in shares of Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after purchasing an additional 77 shares during the period. M&T Bank Corp raised its position in Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock worth $655,000 after acquiring an additional 92 shares during the period. Atria Wealth Solutions Inc. boosted its stake 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 worth $282,000 after acquiring an additional 95 shares during the last quarter. State of Michigan Retirement System grew its position 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 acquiring an additional 100 shares during the period. Finally, Mather Group LLC. increased 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 in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

HLI has been the subject of several recent research reports. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and cut their price target for the company from $201.00 to $190.00 in a report on Thursday, March 13th. JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $192.00.

Houlihan Lokey Stock Down 7.7 %

HLI stock traded down $12.70 during midday trading on Thursday, hitting $153.19. The company's stock had a trading volume of 182,980 shares, compared to its average volume of 339,549. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 29.23 and a beta of 0.83. 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 $170.91 and a two-hundred day moving average of $172.87.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. On average, analysts anticipate 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 1.49%. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

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.