Polen Capital Management LLC Sells 32,312 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Polen Capital Management LLC decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 47.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,999 shares of the financial services provider's stock after selling 32,312 shares during the quarter. Polen Capital Management LLC owned 0.05% of Houlihan Lokey worth $6,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of HLI. Janney Montgomery Scott LLC boosted its position in shares of Houlihan Lokey by 110.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider's stock valued at $783,000 after purchasing an additional 2,606 shares during the period. Victory Capital Management Inc. boosted its position in shares of Houlihan Lokey by 59.3% in the 3rd quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider's stock valued at $11,262,000 after purchasing an additional 26,522 shares during the period. Empowered Funds LLC boosted its position in shares of Houlihan Lokey by 24.8% in the 3rd quarter. Empowered Funds LLC now owns 14,409 shares of the financial services provider's stock valued at $2,277,000 after purchasing an additional 2,864 shares during the period. Natixis Advisors LLC boosted its position in shares of Houlihan Lokey by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock valued at $63,111,000 after purchasing an additional 9,768 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Houlihan Lokey in the 3rd quarter valued at $92,000. Institutional investors and hedge funds own 78.07% of the company's stock.

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Houlihan Lokey Stock Down 0.3 %

Shares of HLI traded down $0.50 during midday trading on Thursday, reaching $162.33. 380,273 shares of the stock were exchanged, compared to its average volume of 326,127. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The firm has a 50 day simple moving average of $173.44 and a 200-day simple moving average of $172.08. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 30.98 and a beta of 0.72.

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, 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%. Research analysts expect 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. Investors of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.40%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HLI shares. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price objective for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. 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. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Wells Fargo & Company raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their price objective for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $192.00.

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.