1,402 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by PFW Advisors LLC

PFW Advisors LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, Holdings Channel.com reports. The fund purchased 1,402 shares of the financial services provider’s stock, valued at approximately $243,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey during the 3rd quarter valued at about $38,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Houlihan Lokey during the second quarter valued at approximately $38,000. First Horizon Advisors Inc. grew its holdings in shares of Houlihan Lokey by 81.5% in the third 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. Quarry LP purchased a new position in shares of Houlihan Lokey in the third quarter worth $76,000. Finally, Quest Partners LLC bought a new stake in Houlihan Lokey during the 3rd quarter valued at $92,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their price target on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research report on Thursday, December 12th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group upped their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $173.80.

Houlihan Lokey Price Performance

HLI stock traded down $3.37 on Monday, reaching $164.80. 459,340 shares of the company traded hands, compared to its average volume of 366,076. The firm has a fifty day simple moving average of $180.04 and a 200-day simple moving average of $162.88. Houlihan Lokey, Inc. has a one year low of $112.84 and a one year high of $192.10. The company has a market cap of $11.45 billion, a P/E ratio of 33.70 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Houlihan Lokey’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. On average, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

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.