29,556 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 29,556 shares of the financial services provider’s stock, valued at approximately $5,133,000. Houlihan Lokey makes up approximately 2.5% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. Ashton Thomas Private Wealth LLC acquired a new stake in Houlihan Lokey in the 2nd quarter valued at $38,000. Wolff Wiese Magana LLC acquired a new stake in shares of Houlihan Lokey in the third quarter valued at about $38,000. First Horizon Advisors Inc. grew its position in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the period. Quarry LP purchased a new stake in shares of Houlihan Lokey during the third quarter worth about $76,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Houlihan Lokey by 69.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

NYSE HLI opened at $164.80 on Tuesday. Houlihan Lokey, Inc. has a fifty-two week low of $112.84 and a fifty-two week high of $192.10. The firm has a market capitalization of $11.45 billion, a P/E ratio of 33.70 and a beta of 0.69. The stock’s fifty day moving average is $179.93 and its two-hundred day moving average is $163.09.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Houlihan Lokey’s quarterly revenue was up 23.1% on a year-over-year basis. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.38%. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLI. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $171.00 to $200.00 in a research note on Monday, December 9th. UBS Group lifted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $173.80.

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.