Triasima Portfolio Management inc. Purchases 8,704 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Triasima Portfolio Management inc. lifted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,656 shares of the financial services provider's stock after buying an additional 8,704 shares during the period. Triasima Portfolio Management inc.'s holdings in Houlihan Lokey were worth $3,934,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new position in Houlihan Lokey in the 4th quarter valued at approximately $33,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey in the 3rd quarter worth about $38,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the 4th quarter valued at about $53,000. First Horizon Advisors Inc. boosted its holdings 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 valued at $70,000 after acquiring an additional 198 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Houlihan Lokey in the third quarter worth approximately $76,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Down 1.3 %

NYSE HLI traded down $2.31 on Tuesday, reaching $178.02. 267,842 shares of the stock were exchanged, compared to its average volume of 409,134. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The firm has a market capitalization of $12.37 billion, a PE ratio of 33.96 and a beta of 0.69. The company's 50-day simple moving average is $178.09 and its two-hundred day simple moving average is $168.91.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating 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%. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HLI. UBS Group lifted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wells Fargo & Company raised their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.