Taylor Frigon Capital Management LLC Has $1.17 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Taylor Frigon Capital Management LLC trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 45.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $727,000. Bank of New York Mellon Corp increased its position in Houlihan Lokey by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider’s stock worth $84,566,000 after purchasing an additional 4,896 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Houlihan Lokey in the 4th quarter valued at approximately $1,657,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, Handelsbanken Fonder AB increased its position in Houlihan Lokey by 10.7% in the 4th quarter. Handelsbanken Fonder AB now owns 13,458 shares of the financial services provider’s stock valued at $2,337,000 after acquiring an additional 1,300 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley upped 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. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group upped their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Up 1.9 %

HLI opened at $170.63 on Thursday. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The company has a fifty day moving average of $177.08 and a 200-day moving average of $171.15. The stock has a market cap of $11.97 billion, a PE 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 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%. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

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

Houlihan Lokey 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.