Versor Investments LP Buys Shares of 4,671 Houlihan Lokey, Inc. (NYSE:HLI)

Versor Investments LP bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,671 shares of the financial services provider's stock, valued at approximately $811,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc grew its stake in Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 77 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after buying an additional 95 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Houlihan Lokey by 0.6% during the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider's stock worth $2,724,000 after buying an additional 100 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Houlihan Lokey by 0.5% in the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider's stock worth $3,443,000 after buying an additional 115 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 116 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of 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 report on Wednesday, January 29th. Morgan Stanley boosted their price target on Houlihan Lokey from $200.00 to $201.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Two investment 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $194.40.

Houlihan Lokey Stock Down 4.2 %

HLI stock traded down $7.10 during mid-day trading on Tuesday, reaching $162.05. The company had a trading volume of 292,766 shares, compared to its average volume of 398,283. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The stock has a market capitalization of $11.37 billion, a P/E ratio of 31.16 and a beta of 0.72. The stock's 50-day simple moving average is $176.93 and its two-hundred day simple moving average is $171.76.

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 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%. On average, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey's dividend payout ratio is presently 43.51%.

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.