6,193 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,193 shares of the financial services provider’s stock, valued at approximately $1,075,000.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Geode Capital Management LLC lifted its stake in Houlihan Lokey by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock valued at $153,405,000 after acquiring an additional 26,564 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after acquiring an additional 149,114 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $185.04 on Friday. The stock has a 50-day simple moving average of $178.22 and a two-hundred day simple moving average of $168.33. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The firm has a market capitalization of $12.86 billion, a PE ratio of 35.31 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released 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%. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.91 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley raised their target price on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $194.40.

About Houlihan Lokey

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.