Van Berkom & Associates Inc. Sells 206,041 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Van Berkom & Associates Inc. decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 33.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 405,622 shares of the financial services provider’s stock after selling 206,041 shares during the quarter. Houlihan Lokey makes up approximately 2.1% of Van Berkom & Associates Inc.’s holdings, making the stock its 28th largest holding. Van Berkom & Associates Inc.’s holdings in Houlihan Lokey were worth $70,440,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fiera Capital Corp increased its holdings in Houlihan Lokey by 666.8% in the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after purchasing an additional 246,705 shares during the last quarter. Jennison Associates LLC grew its position in shares of Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after buying an additional 237,615 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Houlihan Lokey in the 3rd quarter valued at about $24,177,000. Charles Schwab Investment Management Inc. raised its position in shares of Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after acquiring an additional 149,114 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in 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 worth $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 3.8 %

Shares of HLI stock opened at $175.72 on Friday. The firm’s fifty day moving average price is $177.61 and its two-hundred day moving average price is $170.34. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The firm has a market capitalization of $12.33 billion, a P/E ratio of 33.53 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, beating 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%. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders 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 1.30%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and an average target price of $194.40.

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.