Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 169,881 shares of the financial services provider’s stock after buying an additional 5,651 shares during the quarter. Flputnam Investment Management Co.’s holdings in Houlihan Lokey were worth $29,501,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in shares of Houlihan Lokey in the 4th quarter worth $29,000. Financial Life Planners purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $62,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on HLI shares. Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Trading Up 1.8 %

NYSE HLI opened at $173.42 on Friday. The business’s 50-day moving average price is $177.04 and its 200 day moving average price is $171.14. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The company has a market capitalization of $12.16 billion, a PE ratio of 33.10 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping 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%. Equities analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current 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. 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%.

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.