Townsquare Capital LLC Increases Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Townsquare Capital LLC increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 13.5% in the fourth quarter, Holdings Channel reports. The fund owned 29,114 shares of the financial services provider’s stock after purchasing an additional 3,460 shares during the quarter. Townsquare Capital LLC’s holdings in Houlihan Lokey were worth $5,056,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HLI. Nicolet Advisory Services LLC lifted its position in shares of Houlihan Lokey by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider’s stock valued at $258,000 after buying an additional 70 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 77 shares during the period. M&T Bank Corp boosted its holdings in shares of Houlihan Lokey by 2.5% in the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 95 shares during the period. Finally, State of Michigan Retirement System raised its holdings in shares of Houlihan Lokey by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock worth $2,205,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group increased their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $183.40.

Houlihan Lokey Trading Up 0.8 %

Shares of HLI opened at $151.31 on Monday. The firm has a market cap of $10.61 billion, a P/E ratio of 28.88 and a beta of 0.84. The stock’s 50 day moving average is $164.89 and its two-hundred day moving average is $172.24. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10.

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

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.51%. Houlihan Lokey’s dividend payout ratio is currently 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.