Serenus Wealth Advisors LLC Takes Position in Houlihan Lokey, Inc. (NYSE:HLI)

Serenus Wealth Advisors LLC bought a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,610 shares of the financial services provider’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Life Planners purchased a new stake in Houlihan Lokey in the fourth quarter worth about $33,000. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey in the 3rd quarter worth approximately $38,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey in the 4th quarter worth approximately $53,000. First Horizon Advisors Inc. raised its stake in 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 acquiring an additional 198 shares during the period. Finally, Quarry LP bought a new position in shares of Houlihan Lokey in the third quarter worth approximately $76,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Down 1.3 %

NYSE:HLI opened at $185.04 on Friday. The business’s 50-day moving average is $178.22 and its 200 day moving average is $168.33. 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 $12.86 billion, a P/E ratio of 35.31 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its 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%. On average, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.23%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Analysts Set New Price Targets

Several brokerages have recently commented on HLI. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two investment 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. Based on data from MarketBeat, the stock 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.