Exchange Traded Concepts LLC Buys 1,803 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Exchange Traded Concepts LLC grew its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,092 shares of the financial services provider’s stock after buying an additional 1,803 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Houlihan Lokey were worth $2,447,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in Houlihan Lokey by 1,823.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider’s stock worth $16,550,000 after acquiring an additional 90,343 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Houlihan Lokey by 1,148.7% in the fourth quarter. SG Americas Securities LLC now owns 18,081 shares of the financial services provider’s stock worth $3,140,000 after purchasing an additional 16,633 shares during the period. Barlow Wealth Partners Inc. increased its stake in shares of Houlihan Lokey by 11.8% in the fourth quarter. Barlow Wealth Partners Inc. now owns 201,650 shares of the financial services provider’s stock worth $35,351,000 after purchasing an additional 21,305 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Houlihan Lokey by 12.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 150 shares during the period. Finally, J2 Capital Management Inc purchased a new position in shares of Houlihan Lokey during the 4th quarter valued at $335,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Shares of HLI opened at $186.08 on Friday. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 38.05 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $119.28 and a 1 year high of $192.10. The business’s 50 day simple moving average is $179.32 and its 200-day simple moving average is $165.80.

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

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.23%. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Analysts Set New Price Targets

A number of research firms have commented on HLI. UBS Group raised their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price target on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $173.40.

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.