Granite Investment Partners LLC Sells 4,108 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Granite Investment Partners LLC cut its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,239 shares of the financial services provider’s stock after selling 4,108 shares during the period. Granite Investment Partners LLC owned about 0.06% of Houlihan Lokey worth $6,641,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nicolet Advisory Services LLC boosted its holdings in shares of Houlihan Lokey by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 70 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after buying an additional 77 shares in the last quarter. M&T Bank Corp grew its position in Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Houlihan Lokey by 6.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 95 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Houlihan Lokey by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock worth $2,205,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

NYSE HLI opened at $151.31 on Friday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The stock has a market capitalization of $10.61 billion, a PE ratio of 28.88 and a beta of 0.84. The business’s 50-day moving average is $164.89 and its 200 day moving average is $172.14.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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 anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.51%. Houlihan Lokey’s dividend payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLI. UBS Group increased their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley dropped their target price on Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Finally, Wells Fargo & Company decreased their price target on Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $183.40.

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.