Private Advisor Group LLC Raises Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Private Advisor Group LLC lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 51.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,664 shares of the financial services provider's stock after acquiring an additional 1,934 shares during the period. Private Advisor Group LLC's holdings in Houlihan Lokey were worth $984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLI. Financial Life Planners bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey in the 4th quarter worth $53,000. First Horizon Advisors Inc. lifted its stake in Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after purchasing an additional 198 shares during the last quarter. Quarry LP purchased a new stake in Houlihan Lokey during the third quarter valued at about $76,000. Finally, Quest Partners LLC bought a new position in shares of Houlihan Lokey during the third quarter valued at about $92,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Down 3.4 %

NYSE HLI traded down $5.69 during trading on Tuesday, hitting $163.46. The company had a trading volume of 263,935 shares, compared to its average volume of 397,132. The company's fifty day moving average is $176.93 and its 200-day moving average is $171.76. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 31.19 and a beta of 0.72. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.39%. Houlihan Lokey's dividend payout ratio is presently 43.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target 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. Finally, Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $194.40.

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.