Guggenheim Capital LLC Buys Shares of 3,423 Houlihan Lokey, Inc. (NYSE:HLI)

Guggenheim Capital LLC bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,423 shares of the financial services provider's stock, valued at approximately $594,000.

Several other hedge funds have also modified their holdings of HLI. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth about $29,000. Financial Life Planners purchased a new stake in Houlihan Lokey during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey in the fourth quarter worth $62,000. Finally, Mather Group LLC. lifted its stake in shares of Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after buying an additional 116 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

NYSE:HLI traded up $3.39 during trading hours on Thursday, reaching $165.47. The company had a trading volume of 29,513 shares, compared to its average volume of 348,461. Houlihan Lokey, Inc. has a 1-year low of $126.30 and a 1-year high of $192.10. The business's 50 day moving average price is $158.77 and its 200-day moving average price is $171.63. The firm has a market cap of $11.61 billion, a PE ratio of 31.57 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $183.40.

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.