Triasima Portfolio Management inc. Has $3.93 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Triasima Portfolio Management inc. raised its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,656 shares of the financial services provider’s stock after buying an additional 8,704 shares during the period. Triasima Portfolio Management inc.’s holdings in Houlihan Lokey were worth $3,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HLI. Fiera Capital Corp increased its holdings in shares of Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after buying an additional 246,705 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after buying an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Houlihan Lokey during the third quarter worth approximately $24,177,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after buying an additional 149,114 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Houlihan Lokey by 23.6% during the third 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 during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group increased their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $187.34 on Friday. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The stock has a market cap of $13.02 billion, a PE ratio of 35.75 and a beta of 0.69. The firm’s 50 day moving average price is $178.31 and its two-hundred day moving average price is $168.05.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.91 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.22%. Houlihan Lokey’s dividend payout ratio is 43.51%.

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.