Brookstone Capital Management Trims Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Brookstone Capital Management lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,985 shares of the financial services provider’s stock after selling 256 shares during the period. Brookstone Capital Management’s holdings in Houlihan Lokey were worth $692,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey in the third quarter worth about $38,000. First Horizon Advisors Inc. boosted its position in 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 buying an additional 198 shares during the period. Quarry LP purchased a new stake in Houlihan Lokey in the 3rd quarter valued at about $76,000. Benjamin F. Edwards & Company Inc. grew its stake in Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 277 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Houlihan Lokey during the third quarter worth approximately $92,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 0.9 %

Houlihan Lokey stock opened at $181.21 on Friday. The firm has a market cap of $12.59 billion, a P/E ratio of 37.06 and a beta of 0.69. The business has a fifty day moving average of $179.43 and a two-hundred day moving average of $163.84. Houlihan Lokey, Inc. has a twelve month low of $116.67 and a twelve month high of $192.10.

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

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders 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 1.26%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HLI. Keefe, Bruyette & Woods lowered their price target on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Wells Fargo & Company decreased their target price on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research report on Tuesday. Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group raised their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $173.40.

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.