Harvest Fund Management Co. Ltd Raises Position in Houlihan Lokey, Inc. (NYSE:HLI)

Harvest Fund Management Co. Ltd increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 810.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,468 shares of the financial services provider’s stock after purchasing an additional 3,087 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Houlihan Lokey were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HLI. Private Trust Co. NA purchased a new position in Houlihan Lokey in the 4th quarter worth $29,000. Financial Life Planners purchased a new position in Houlihan Lokey in the 4th quarter worth $33,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey in the 4th quarter worth $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey in the fourth quarter valued at about $62,000. Finally, First Horizon Advisors Inc. increased its position in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 198 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $162.33 on Friday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The company’s 50-day moving average is $173.22 and its 200 day moving average is $172.01. The stock has a market capitalization of $11.39 billion, a P/E ratio of 30.98 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 (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HLI shares. JPMorgan Chase & Co. decreased their price objective 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 upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price objective for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price objective for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $192.00.

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.