Wealthfront Advisers LLC Makes New $1.57 Million Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Wealthfront Advisers LLC bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,033 shares of the financial services provider's stock, valued at approximately $1,569,000.

A number of other large investors have also recently bought and sold shares of HLI. Private Trust Co. NA acquired a new position in shares of Houlihan Lokey in the fourth quarter worth $29,000. Financial Life Planners acquired a new position in Houlihan Lokey in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey in the 4th quarter valued at about $53,000. VisionPoint Advisory Group LLC purchased a new position in Houlihan Lokey in the 4th quarter valued at about $62,000. Finally, First Horizon Advisors Inc. boosted 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. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Up 0.4 %

NYSE:HLI traded up $0.63 on Wednesday, hitting $162.79. 452,392 shares of the stock were exchanged, compared to its average volume of 326,219. The stock has a fifty day moving average of $173.64 and a 200-day moving average of $172.14. The stock has a market cap of $11.42 billion, a PE ratio of 31.07 and a beta of 0.72. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10.

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Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.40%. Houlihan Lokey's payout ratio is 43.51%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HLI. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wells Fargo & Company raised 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 report on Tuesday, March 11th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.