Virtu Financial LLC Makes New $371,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Virtu Financial LLC acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,139 shares of the financial services provider’s stock, valued at approximately $371,000.

Several other large investors have also modified their holdings of HLI. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey during the fourth quarter valued at $29,000. Financial Life Planners acquired a new stake in Houlihan Lokey during the 4th quarter worth about $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new position in shares of Houlihan Lokey in the fourth quarter worth about $62,000. Finally, Quarry LP purchased a new position in shares of Houlihan Lokey in the third quarter worth approximately $76,000. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Trading Down 1.1 %

Shares of Houlihan Lokey stock opened at $166.03 on Thursday. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 31.68 and a beta of 0.72. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The firm has a fifty day simple moving average of $172.96 and a 200-day simple moving average of $172.54.

Houlihan Lokey (NYSE:HLI) last announced its 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, research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.37%. Houlihan Lokey’s dividend payout ratio is 43.51%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price objective for the stock from $201.00 to $190.00 in a research report on Thursday, March 13th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their target price for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $192.00.

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.