Exchange Traded Concepts LLC Acquires 1,803 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Exchange Traded Concepts LLC boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,092 shares of the financial services provider’s stock after purchasing an additional 1,803 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Houlihan Lokey were worth $2,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HLI. Millennium Management LLC raised its stake in Houlihan Lokey by 24,074.0% during the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after buying an additional 499,535 shares during the last quarter. Fiera Capital Corp raised its position in shares of Houlihan Lokey by 666.8% in the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after purchasing an additional 246,705 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Houlihan Lokey in the 3rd quarter worth about $24,177,000. Charles Schwab Investment Management Inc. grew its position in Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after purchasing an additional 149,114 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after purchasing an additional 132,516 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

HLI stock opened at $186.08 on Friday. Houlihan Lokey, Inc. has a 1 year low of $119.28 and a 1 year high of $192.10. The company has a market cap of $12.93 billion, a P/E ratio of 38.05 and a beta of 0.69. The stock’s fifty day moving average price is $179.32 and its 200-day moving average price is $165.80.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.23%. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company lowered their price objective on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $171.00 to $200.00 in a report on Monday, December 9th. UBS Group upped their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.