Virtu Financial LLC Invests $371,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Virtu Financial LLC acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,139 shares of the financial services provider's stock, valued at approximately $371,000.

A number of other large investors have also recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in shares of Houlihan Lokey in the third quarter valued at about $92,000. Charles Schwab Investment Management Inc. increased its position in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider's stock valued at $94,974,000 after acquiring an additional 149,114 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Houlihan Lokey by 78.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 6,643 shares of the financial services provider's stock valued at $1,050,000 after acquiring an additional 2,924 shares during the period. Townsquare Capital LLC grew its position in Houlihan Lokey by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 25,654 shares of the financial services provider's stock valued at $4,054,000 after acquiring an additional 1,598 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in Houlihan Lokey by 4.1% during the third quarter. Bridgewater Associates LP now owns 6,749 shares of the financial services provider's stock worth $1,066,000 after purchasing an additional 267 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and dropped their price target for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $192.00.

Houlihan Lokey Price Performance

Shares of NYSE HLI traded down $2.88 during mid-day trading on Friday, reaching $157.98. 461,147 shares of the company traded hands, compared to its average volume of 337,562. The stock has a fifty day simple moving average of $172.13 and a 200-day simple moving average of $172.78. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The firm has a market cap of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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%. As a group, analysts predict 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 was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey's payout ratio is 43.51%.

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.