EverSource Wealth Advisors LLC Boosts Stake in Houlihan Lokey, Inc. (NYSE:HLI)

EverSource Wealth Advisors LLC increased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,758 shares of the financial services provider’s stock after purchasing an additional 314 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Houlihan Lokey were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Houlihan Lokey by 110.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider’s stock valued at $783,000 after buying an additional 2,606 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Houlihan Lokey by 25.2% in the third quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 944 shares during the period. Entropy Technologies LP increased its stake in shares of Houlihan Lokey by 94.7% during the third quarter. Entropy Technologies LP now owns 3,100 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 1,508 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Houlihan Lokey by 59.3% during the third quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider’s stock valued at $11,262,000 after purchasing an additional 26,522 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Houlihan Lokey by 2.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 29,213 shares of the financial services provider’s stock worth $4,616,000 after purchasing an additional 690 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $159.02 on Friday. The business has a 50-day simple moving average of $174.04 and a two-hundred day simple moving average of $171.93. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 30.35 and a beta of 0.72. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) 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%. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.43%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

Wall Street Analyst Weigh In

HLI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price target for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price target for the company from $201.00 to $190.00 in a report on Thursday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $192.00.

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.