R Squared Ltd Acquires Shares of 1,617 Houlihan Lokey, Inc. (NYSE:HLI)

R Squared Ltd bought a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,617 shares of the financial services provider’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Wealth Investment Group LLC boosted its position in shares of Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock valued at $1,293,000 after buying an additional 62 shares during the last quarter. UMB Bank n.a. raised its position in Houlihan Lokey by 12.6% in the 3rd quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after buying an additional 96 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Houlihan Lokey by 0.6% during the 3rd 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 acquiring an additional 100 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after acquiring an additional 115 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Houlihan Lokey by 12.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 150 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 2.0 %

Shares of HLI opened at $184.16 on Wednesday. The business has a 50-day simple moving average of $179.23 and a two-hundred day simple moving average of $166.59. Houlihan Lokey, Inc. has a 52 week low of $119.28 and a 52 week high of $192.10. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 37.66 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HLI shares. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company dropped their price target on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. UBS Group upped their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Finally, Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $171.00 to $200.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $173.40.

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.