Berry Wealth Group LP Sells 231 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Berry Wealth Group LP lessened its position in Houlihan Lokey, Inc. (NYSE:HLI) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,978 shares of the financial services provider’s stock after selling 231 shares during the period. Berry Wealth Group LP’s holdings in Houlihan Lokey were worth $343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Houlihan Lokey in the fourth quarter worth approximately $281,000. SteelPeak Wealth LLC bought a new position in shares of Houlihan Lokey in the fourth quarter worth approximately $207,000. Pacer Advisors Inc. lifted its stake in shares of Houlihan Lokey by 4.5% in the fourth quarter. Pacer Advisors Inc. now owns 10,859 shares of the financial services provider’s stock worth $1,886,000 after buying an additional 469 shares in the last quarter. KBC Group NV lifted its stake in shares of Houlihan Lokey by 1,447.7% in the fourth quarter. KBC Group NV now owns 19,903 shares of the financial services provider’s stock worth $3,456,000 after buying an additional 18,617 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Houlihan Lokey in the fourth quarter worth approximately $1,657,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.0 %

Shares of HLI stock opened at $181.92 on Friday. The stock has a market cap of $12.64 billion, a P/E ratio of 34.72 and a beta of 0.69. Houlihan Lokey, Inc. has a 12 month low of $119.28 and a 12 month high of $192.10. The company has a 50 day simple moving average of $178.78 and a two-hundred day simple moving average of $167.17.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.84 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HLI. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday. UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $194.40.

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.