Houlihan Lokey, Inc. (NYSE:HLI) is Barlow Wealth Partners Inc.’s 3rd Largest Position

Barlow Wealth Partners Inc. grew its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,650 shares of the financial services provider’s stock after buying an additional 21,305 shares during the period. Houlihan Lokey accounts for 4.5% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 3rd biggest holding. Barlow Wealth Partners Inc. owned 0.29% of Houlihan Lokey worth $35,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HLI. Vanguard Personalized Indexing Management LLC boosted its holdings in Houlihan Lokey by 28.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,923 shares of the financial services provider’s stock worth $932,000 after buying an additional 1,520 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Houlihan Lokey by 69.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 277 shares during the period. Pacer Advisors Inc. grew its position in shares of Houlihan Lokey by 31.5% during the second quarter. Pacer Advisors Inc. now owns 12,204 shares of the financial services provider’s stock worth $1,646,000 after purchasing an additional 2,922 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Houlihan Lokey by 20.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 272 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Houlihan Lokey by 5.1% during the 2nd quarter. Bank of Montreal Can now owns 24,178 shares of the financial services provider’s stock valued at $3,285,000 after purchasing an additional 1,171 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HLI shares. Wells Fargo & Company cut their price objective on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group boosted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods cut their price objective on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $173.40.

Houlihan Lokey Stock Up 1.9 %

Houlihan Lokey stock opened at $184.60 on Wednesday. The company’s 50-day moving average price is $179.22 and its 200-day moving average price is $164.93. The company has a market cap of $12.83 billion, a PE ratio of 37.75 and a beta of 0.69. Houlihan Lokey, Inc. has a twelve month low of $119.28 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business 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%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s payout ratio is 46.63%.

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.