PFW Advisors LLC Purchases New Position in Houlihan Lokey, Inc. (NYSE:HLI)

PFW Advisors LLC acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,402 shares of the financial services provider’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the third quarter worth $38,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Houlihan Lokey in the 2nd quarter worth $38,000. First Horizon Advisors Inc. raised its holdings in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the last quarter. Quarry LP bought a new position in shares of Houlihan Lokey during the third quarter valued at about $76,000. Finally, Quest Partners LLC purchased a new position in Houlihan Lokey during the third quarter worth about $92,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HLI. Keefe, Bruyette & Woods dropped their target price on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research report on Monday. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and lifted their price target for the stock from $171.00 to $200.00 in a report on Monday, December 9th. 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 note on Tuesday, October 8th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $173.80.

Houlihan Lokey Stock Down 2.0 %

NYSE:HLI traded down $3.37 during mid-day trading on Monday, hitting $164.80. 459,340 shares of the stock traded hands, compared to its average volume of 366,076. The business’s 50-day moving average price is $180.04 and its 200 day moving average price is $162.88. The company has a market cap of $11.45 billion, a PE ratio of 33.70 and a beta of 0.69. Houlihan Lokey, Inc. has a 12-month low of $112.84 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $1.11 EPS. Analysts anticipate that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.38%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

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.