Houlihan Lokey, Inc. (NYSE:HLI) Stake Lowered by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 33.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 405,622 shares of the financial services provider’s stock after selling 206,041 shares during the period. Houlihan Lokey accounts for 2.1% of Van Berkom & Associates Inc.’s portfolio, making the stock its 28th largest holding. Van Berkom & Associates Inc. owned 0.58% of Houlihan Lokey worth $70,440,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Strategic Wealth Investment Group LLC grew its holdings in Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 62 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after buying an additional 77 shares during the period. Atria Wealth Solutions Inc. raised its position in Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 95 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of 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 buying an additional 100 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in Houlihan Lokey by 0.5% during the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. UBS Group upped their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Trading Down 3.8 %

Shares of HLI stock opened at $175.72 on Friday. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The firm’s 50 day moving average is $177.61 and its 200-day moving average is $170.34. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 33.53 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) 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%. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 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.