New Age Alpha Advisors LLC Acquires New Position in Houlihan Lokey, Inc. (NYSE:HLI)

New Age Alpha Advisors LLC bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,791 shares of the financial services provider’s stock, valued at approximately $2,048,000.

Other large investors have also recently modified their holdings of the company. CIBC Asset Management Inc lifted its position in shares of Houlihan Lokey by 5.0% during the 4th 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 during the last quarter. M&T Bank Corp raised its stake 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 worth $655,000 after acquiring an additional 92 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Houlihan Lokey by 6.2% in 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 during the last quarter. State of Michigan Retirement System boosted its stake 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 valued at $2,205,000 after purchasing an additional 100 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 1.8 %

Shares of HLI opened at $157.98 on Friday. The stock’s 50-day moving average price is $172.13 and its two-hundred day moving average price is $172.63. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The company has a market capitalization of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given 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 1.44%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HLI. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut 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. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Finally, Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price target for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and an average 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.