Walled Lake Planning & Wealth Management LLC Sells 15,405 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Walled Lake Planning & Wealth Management LLC decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 34.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,620 shares of the financial services provider's stock after selling 15,405 shares during the period. Houlihan Lokey makes up about 1.9% of Walled Lake Planning & Wealth Management LLC's holdings, making the stock its 15th biggest holding. Walled Lake Planning & Wealth Management LLC's holdings in Houlihan Lokey were worth $5,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HLI. Private Trust Co. NA bought a new stake in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners bought a new stake in Houlihan Lokey during the 4th quarter valued at $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey during the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC purchased a new stake in Houlihan Lokey during the 4th quarter valued at $62,000. Finally, Quarry LP bought a new stake in Houlihan Lokey in the 3rd quarter worth $76,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Down 5.4 %

HLI traded down $9.03 during trading on Thursday, hitting $156.86. 295,671 shares of the company's stock traded hands, compared to its average volume of 340,008. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The company's 50 day simple moving average is $170.91 and its two-hundred day simple moving average is $172.87. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 29.94 and a beta of 0.83.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. On average, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's dividend payout ratio is currently 43.51%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HLI. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and reduced their target price for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and lowered their price objective for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $192.00.

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.