Flputnam Investment Management Co. Raises Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Flputnam Investment Management Co. raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,881 shares of the financial services provider’s stock after purchasing an additional 5,651 shares during the quarter. Flputnam Investment Management Co. owned 0.24% of Houlihan Lokey worth $29,501,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA acquired a new position in Houlihan Lokey in the fourth quarter valued at about $29,000. QRG Capital Management Inc. boosted its position in shares of Houlihan Lokey by 18.7% during the 4th quarter. QRG Capital Management Inc. now owns 4,548 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 716 shares during the period. Versor Investments LP purchased a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $811,000. Stegent Equity Advisors Inc. purchased a new stake in Houlihan Lokey in the fourth quarter valued at approximately $1,696,000. Finally, Los Angeles Capital Management LLC acquired a new position in Houlihan Lokey during the fourth quarter worth $727,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $173.42 on Friday. The business has a 50-day moving average of $177.04 and a two-hundred day moving average of $171.14. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 33.10 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10.

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, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, 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 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. This represents a $2.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

Analyst Upgrades and Downgrades

HLI has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.