Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 18.1% during the 4th quarter, HoldingsChannel reports. The firm owned 4,830 shares of the financial services provider’s stock after selling 1,070 shares during the period. Naples Global Advisors LLC’s holdings in Houlihan Lokey were worth $839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC lifted its stake in shares of Houlihan Lokey by 0.8% in 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 in the last quarter. New York State Teachers Retirement System lifted its stake in Houlihan Lokey by 0.6% in the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after purchasing an additional 100 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after purchasing an additional 115 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 116 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Houlihan Lokey by 12.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 0.5 %

Shares of HLI opened at $178.35 on Friday. The firm has a market cap of $12.40 billion, a P/E ratio of 34.04 and a beta of 0.69. The company’s 50-day moving average price is $177.69 and its 200 day moving average price is $169.25. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Analysts Set New Price Targets

HLI has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley raised their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. UBS Group boosted their target price 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. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and an average 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.