Pier Capital LLC Has $5.54 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Pier Capital LLC cut its position in Houlihan Lokey, Inc. (NYSE:HLI) by 52.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,893 shares of the financial services provider’s stock after selling 35,197 shares during the quarter. Pier Capital LLC’s holdings in Houlihan Lokey were worth $5,539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter worth $62,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the company from $201.00 to $190.00 in a report on Thursday, March 13th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price objective for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $166.89 on Tuesday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The firm has a market cap of $11.71 billion, a PE ratio of 31.85 and a beta of 0.72. The company has a 50 day simple moving average of $173.15 and a 200 day simple moving average of $172.45.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.37%. Houlihan Lokey’s 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.