Segall Bryant & Hamill LLC Lowers Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Segall Bryant & Hamill LLC cut its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 25.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,907 shares of the financial services provider’s stock after selling 23,334 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Houlihan Lokey worth $12,140,000 as of its most recent SEC filing.

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

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $167.88 on Wednesday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 32.04 and a beta of 0.72. The stock’s 50-day moving average is $173.15 and its two-hundred day moving average is $172.58.

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

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.36%. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Wall Street Analyst Weigh In

Several research firms have commented on HLI. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price objective for the stock from $201.00 to $190.00 in a research report on Thursday, March 13th. Finally, UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $192.00.

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.