Chase Investment Counsel Corp Sells 803 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Chase Investment Counsel Corp lowered its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,030 shares of the financial services provider’s stock after selling 803 shares during the period. Houlihan Lokey accounts for 2.2% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 10th largest position. Chase Investment Counsel Corp’s holdings in Houlihan Lokey were worth $6,777,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its holdings in shares of 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 holdings in shares of Houlihan Lokey by 6.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after buying an additional 95 shares during the period. 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 valued at $2,724,000 after buying an additional 100 shares during the period. Pathstone Holdings LLC raised its holdings in shares of Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after buying an additional 115 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

HLI has been the topic of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Morgan Stanley upped their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Finally, StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey presently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

HLI opened at $173.42 on Friday. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The company has a market cap of $12.16 billion, a P/E ratio of 33.10 and a beta of 0.69. The business’s 50-day simple moving average is $177.04 and its 200-day simple moving average is $171.14.

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

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.31%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 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.