Walled Lake Planning & Wealth Management LLC Trims Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Walled Lake Planning & Wealth Management LLC cut its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,620 shares of the financial services provider’s stock after selling 15,405 shares during the period. Houlihan Lokey comprises about 1.9% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Walled Lake Planning & Wealth Management LLC’s holdings in Houlihan Lokey were worth $5,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HLI. Private Trust Co. NA purchased a new stake in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new stake in Houlihan Lokey during the 4th quarter worth $33,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey in the fourth quarter valued at $62,000. Finally, Quarry LP purchased a new stake in shares of Houlihan Lokey in the third quarter valued at about $76,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HLI shares. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of 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 downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their target price for the stock from $201.00 to $190.00 in a research report on Thursday, March 13th. Finally, UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $157.98 on Friday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The business’s fifty day moving average is $172.13 and its 200-day moving average is $172.63. The stock has a market cap of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

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 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 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

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.