Stegent Equity Advisors Inc. bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,764 shares of the financial services provider's stock, valued at approximately $1,696,000. Houlihan Lokey accounts for approximately 1.7% of Stegent Equity Advisors Inc.'s holdings, making the stock its 20th biggest position.
A number of other large investors have also made changes to their positions in the company. Financial Life Planners acquired a new position in Houlihan Lokey in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at $62,000. First Horizon Advisors Inc. raised its position in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after buying an additional 198 shares during the period. Finally, Quarry LP purchased a new stake in Houlihan Lokey in the 3rd quarter worth about $76,000. Institutional investors and hedge funds own 78.07% of the company's stock.
Houlihan Lokey Trading Up 1.8 %
NYSE HLI traded up $2.99 during trading on Friday, reaching $173.42. The company's stock had a trading volume of 295,998 shares, compared to its average volume of 401,513. The stock has a market capitalization of $12.16 billion, a PE ratio of 33.10 and a beta of 0.69. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The business has a 50-day moving average price of $177.03 and a 200-day moving average price of $171.49.
Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data 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 net margin of 16.00% and a return on equity of 20.04%. As a group, analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.
Houlihan Lokey Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's dividend payout ratio is 43.51%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on HLI. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a research report on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $194.40.
Read Our Latest Stock Report on Houlihan Lokey
About Houlihan Lokey
(
Free Report)
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.
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