Rhumbline Advisers Grows Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Rhumbline Advisers raised its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 166,038 shares of the financial services provider’s stock after buying an additional 2,559 shares during the period. Rhumbline Advisers owned about 0.24% of Houlihan Lokey worth $28,834,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Financial Life Planners purchased a new position in shares of Houlihan Lokey during the 4th quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at about $53,000. First Horizon Advisors Inc. increased its stake in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares in the last quarter. Quarry LP purchased a new position in shares of Houlihan Lokey in the 3rd quarter valued at about $76,000. Finally, Quest Partners LLC purchased a new position in shares of Houlihan Lokey in the 3rd quarter valued at about $92,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods restated 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. Wells Fargo & Company lifted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Trading Up 0.6 %

HLI stock opened at $182.72 on Thursday. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 34.87 and a beta of 0.69. The business’s 50-day moving average is $177.69 and its 200 day moving average is $170.30. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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%. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

About Houlihan Lokey

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.