2,294 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Wealthcare Capital Partners LLC

Wealthcare Capital Partners LLC purchased a new stake in Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, Holdings Channel reports. The firm purchased 2,294 shares of the financial services provider’s stock, valued at approximately $398,000.

A number of other large investors have also made changes to their positions in HLI. Creative Planning lifted its holdings in shares of Houlihan Lokey by 10.7% during the 2nd quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 350 shares in the last quarter. UMB Bank n.a. increased its position in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 96 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Houlihan Lokey during the third quarter worth $224,000. Exchange Traded Concepts LLC lifted its position in Houlihan Lokey by 77.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,289 shares of the financial services provider’s stock valued at $1,942,000 after acquiring an additional 5,371 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in Houlihan Lokey in the 3rd quarter worth $428,000. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HLI shares. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group increased their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted 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. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $180.38 on Tuesday. The firm has a market cap of $12.54 billion, a PE ratio of 34.42 and a beta of 0.69. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The stock’s fifty day moving average price is $178.09 and its two-hundred day moving average price is $168.91.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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%. Sell-side analysts expect 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 will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s 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.