Rhumbline Advisers Boosts Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Rhumbline Advisers increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,038 shares of the financial services provider's stock after purchasing an additional 2,559 shares during the quarter. Rhumbline Advisers owned 0.24% of Houlihan Lokey worth $28,834,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HLI. Financial Life Planners acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth $33,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey in the fourth quarter valued at $53,000. First Horizon Advisors Inc. lifted its holdings 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 valued at $70,000 after acquiring an additional 198 shares during the period. Quarry LP acquired a new stake in Houlihan Lokey in the third quarter valued at $76,000. Finally, Quest Partners LLC acquired a new stake in Houlihan Lokey in the third quarter valued at $92,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

Houlihan Lokey stock traded down $4.67 during midday trading on Friday, reaching $171.07. 374,641 shares of the company were exchanged, compared to its average volume of 388,912. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 32.65 and a beta of 0.69. The firm's 50-day simple moving average is $177.48 and its 200-day simple moving average is $170.52. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data 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, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

Analyst Ratings Changes

A number of equities research analysts have commented on HLI shares. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Morgan Stanley raised their target price on Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.