Gunderson Capital Management Inc. Acquires New Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Gunderson Capital Management Inc. bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,556 shares of the financial services provider’s stock, valued at approximately $5,133,000. Houlihan Lokey accounts for 2.5% of Gunderson Capital Management Inc.’s holdings, making the stock its 16th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of HLI. Strategic Wealth Investment Group LLC raised its stake in shares of Houlihan Lokey by 0.8% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after acquiring an additional 62 shares in the last quarter. UMB Bank n.a. grew its holdings in Houlihan Lokey by 12.6% in the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 96 shares during the last quarter. 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 purchasing an additional 100 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 115 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its position in shares of Houlihan Lokey by 3.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 4,758 shares of the financial services provider’s stock worth $752,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 2.0 %

HLI opened at $164.80 on Tuesday. Houlihan Lokey, Inc. has a 12-month low of $112.84 and a 12-month high of $192.10. The firm has a 50 day moving average of $179.93 and a two-hundred day moving average of $163.09. The firm has a market capitalization of $11.45 billion, a PE ratio of 33.70 and a beta of 0.69.

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

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.38%. Houlihan Lokey’s payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

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

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.