Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,548 shares of the financial services provider’s stock after purchasing an additional 716 shares during the quarter. QRG Capital Management Inc.’s holdings in Houlihan Lokey were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in shares of Houlihan Lokey by 5.0% in the fourth 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 last quarter. Atria Wealth Solutions Inc. grew its stake in Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 95 shares in the last quarter. New York State Teachers Retirement System raised its holdings in 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 acquiring an additional 100 shares during the last quarter. Pathstone Holdings LLC raised its holdings in 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 acquiring an additional 115 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 4.7 %

Shares of NYSE:HLI opened at $161.14 on Wednesday. The business has a 50-day moving average price of $176.93 and a 200 day moving average price of $171.76. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 30.75 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Analyst Ratings Changes

Several research firms recently commented on HLI. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered 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 report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and an average price target of $194.40.

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.