Royce & Associates LP Has $17.22 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Royce & Associates LP decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,168 shares of the financial services provider's stock after selling 23,288 shares during the period. Royce & Associates LP owned 0.14% of Houlihan Lokey worth $17,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its position in Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider's stock worth $255,276,000 after buying an additional 21,106 shares in the last quarter. Geode Capital Management LLC lifted its position in Houlihan Lokey by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock worth $153,405,000 after buying an additional 26,564 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Houlihan Lokey during the 4th quarter worth about $143,559,000. Eagle Asset Management Inc. raised its holdings in Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider's stock worth $109,525,000 after purchasing an additional 132,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Houlihan Lokey by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider's stock worth $104,709,000 after purchasing an additional 1,931 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

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Houlihan Lokey Stock Performance

NYSE HLI traded down $0.50 during trading hours on Thursday, reaching $162.33. 380,273 shares of the company's stock were exchanged, compared to its average volume of 326,127. The company's 50-day moving average is $173.44 and its two-hundred day moving average is $172.08. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The company has a market capitalization 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 (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%. Research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is currently 43.51%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley raised Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their price objective for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.