Barlow Wealth Partners Inc. Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Barlow Wealth Partners Inc. acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 168,767 shares of the financial services provider’s stock, valued at approximately $20,237,000. Houlihan Lokey accounts for approximately 2.9% of Barlow Wealth Partners Inc.’s holdings, making the stock its 7th biggest holding. Barlow Wealth Partners Inc. owned about 0.24% of Houlihan Lokey at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Houlihan Lokey by 3.3% in the 4th quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock valued at $383,000 after buying an additional 102 shares during the period. Steph & Co. increased its stake in Houlihan Lokey by 4.5% in the 3rd quarter. Steph & Co. now owns 3,098 shares of the financial services provider’s stock valued at $332,000 after buying an additional 134 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Houlihan Lokey by 20.5% in the third quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 173 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Houlihan Lokey by 1.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 14,758 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 191 shares during the period. Finally, Fiera Capital Corp increased its holdings in Houlihan Lokey by 0.6% during the third quarter. Fiera Capital Corp now owns 36,250 shares of the financial services provider’s stock worth $3,883,000 after buying an additional 218 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Houlihan Lokey stock traded down $1.35 during trading hours on Wednesday, reaching $132.89. The stock had a trading volume of 320,972 shares, compared to its average volume of 338,902. The company has a fifty day simple moving average of $126.94 and a 200-day simple moving average of $119.46. Houlihan Lokey, Inc. has a 52 week low of $85.37 and a 52 week high of $135.35. The stock has a market cap of $9.18 billion, a PE ratio of 33.31 and a beta of 0.67.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group increased their target price on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total transaction of $128,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.97% of the stock is currently owned by company insiders.

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.