Taylor Frigon Capital Management LLC Has $1.17 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Taylor Frigon Capital Management LLC decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,737 shares of the financial services provider's stock after selling 5,565 shares during the quarter. Taylor Frigon Capital Management LLC's holdings in Houlihan Lokey were worth $1,170,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new position in shares of Houlihan Lokey during the 4th quarter worth about $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey in the 4th quarter valued at about $53,000. VisionPoint Advisory Group LLC purchased a new stake in Houlihan Lokey in the 4th quarter valued at about $62,000. First Horizon Advisors Inc. increased its stake in shares of Houlihan Lokey by 81.5% during the 3rd 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. Finally, Quarry LP purchased a new stake in shares of Houlihan Lokey during the 3rd quarter worth approximately $76,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

NYSE HLI traded up $2.99 on Friday, reaching $173.42. 295,998 shares of the stock traded hands, compared to its average volume of 401,513. The company has a fifty day moving average price of $177.03 and a 200-day moving average price of $171.49. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 33.10 and a beta of 0.69. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last announced 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%. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. Houlihan Lokey's payout ratio is 43.51%.

Analysts Set New Price Targets

Several research analysts recently commented on HLI shares. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Wells Fargo & Company raised 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. UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $194.40.

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.