Taylor Frigon Capital Management LLC Sells 5,565 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Taylor Frigon Capital Management LLC cut its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,737 shares of the financial services provider’s stock after selling 5,565 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Houlihan Lokey were worth $1,170,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. CIBC Asset Management Inc lifted its stake 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 in the last quarter. Atria Wealth Solutions Inc. lifted 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 valued at $282,000 after buying an additional 95 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Houlihan Lokey by 0.6% in the third 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 in the last quarter. Pathstone Holdings LLC lifted its stake in shares of Houlihan Lokey by 0.5% in the third 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 in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Houlihan Lokey by 24.8% in the fourth 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 in the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Price Performance

HLI opened at $170.63 on Thursday. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10. The company’s 50-day moving average is $177.08 and its 200 day moving average is $171.15. The firm has a market capitalization of $11.97 billion, a P/E ratio of 32.56 and a beta of 0.69.

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

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.34%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HLI shares. UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $194.40.

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.