Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Weil Company Inc.

Weil Company Inc. decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 29.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,708 shares of the financial services provider's stock after selling 10,080 shares during the period. Houlihan Lokey accounts for about 1.5% of Weil Company Inc.'s portfolio, making the stock its 18th largest holding. Weil Company Inc.'s holdings in Houlihan Lokey were worth $4,291,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC lifted its holdings in shares of Houlihan Lokey by 21.8% during the 3rd quarter. Private Advisor Group LLC now owns 3,730 shares of the financial services provider's stock worth $589,000 after acquiring an additional 668 shares during the period. State of Alaska Department of Revenue increased its position in Houlihan Lokey by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,070 shares of the financial services provider's stock valued at $959,000 after acquiring an additional 415 shares during the period. Strategic Wealth Investment Group LLC increased its position in shares of Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider's stock worth $1,293,000 after buying an additional 62 shares during the period. Trajan Wealth LLC increased its position in shares of Houlihan Lokey by 10.7% during the third quarter. Trajan Wealth LLC now owns 2,397 shares of the financial services provider's stock worth $379,000 after buying an additional 231 shares during the period. Finally, New York State Teachers Retirement System increased 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 during the period. Institutional investors own 78.07% of the company's stock.

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Houlihan Lokey Stock Up 1.8 %

Shares of HLI stock traded up $2.99 during mid-day trading on Friday, reaching $173.42. 295,998 shares of the company's stock traded hands, compared to its average volume of 401,513. The company has a market cap of $12.16 billion, a P/E ratio of 33.10 and a beta of 0.69. The company's 50-day moving average price is $177.04 and its 200-day moving average price is $171.14. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10.

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, 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%. Equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey's dividend payout ratio (DPR) is currently 43.51%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HLI. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday. UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research 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 given a buy rating to the company. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and a consensus price target 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.