Park Avenue Securities LLC Grows Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Park Avenue Securities LLC boosted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,296 shares of the financial services provider's stock after buying an additional 1,599 shares during the period. Park Avenue Securities LLC's holdings in Houlihan Lokey were worth $1,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its stake in shares of Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider's stock worth $67,647,000 after acquiring an additional 499,535 shares during the period. Fiera Capital Corp grew its position in Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock worth $44,831,000 after purchasing an additional 246,705 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Houlihan Lokey during the 3rd quarter valued at about $24,177,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Houlihan Lokey by 33.0% in the 3rd 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. Finally, Eagle Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock worth $109,525,000 after buying an additional 132,516 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Ratings Changes

HLI has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on Houlihan Lokey from $180.00 to $178.00 and set an "underweight" rating for the company in a report on Tuesday, January 14th. Morgan Stanley downgraded shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and increased their price target for the stock from $171.00 to $200.00 in a report on Monday, December 9th. UBS Group lifted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered their target price on shares of Houlihan Lokey from $172.00 to $170.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $173.40.

Houlihan Lokey Stock Up 0.9 %

Shares of NYSE HLI traded up $1.64 during trading on Friday, hitting $181.21. The company had a trading volume of 326,287 shares, compared to its average volume of 321,812. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 37.06 and a beta of 0.69. The stock has a fifty day simple moving average of $179.43 and a two-hundred day simple moving average of $164.05. Houlihan Lokey, Inc. has a fifty-two week low of $116.67 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The company had revenue of $574.96 million for the quarter, compared to analysts' expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Houlihan Lokey's revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. Houlihan Lokey's payout ratio is currently 46.63%.

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.