Aptus Capital Advisors LLC Acquires 8,335 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Aptus Capital Advisors LLC increased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,058 shares of the financial services provider's stock after acquiring an additional 8,335 shares during the period. Aptus Capital Advisors LLC owned about 0.07% of Houlihan Lokey worth $7,998,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA bought a new stake in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners purchased a new stake in Houlihan Lokey during the 4th quarter valued at $33,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey in the 4th quarter worth $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey in the fourth quarter valued at about $62,000. Finally, Mather Group LLC. raised 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 valued at $101,000 after acquiring an additional 116 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group lifted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their price target 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey presently has a consensus rating of "Hold" and an average target price of $183.40.

Houlihan Lokey Stock Performance

Shares of NYSE HLI traded up $1.33 during midday trading on Wednesday, hitting $164.27. 427,556 shares of the company's stock traded hands, compared to its average volume of 351,726. The firm has a fifty day moving average of $158.35 and a 200 day moving average of $171.43. Houlihan Lokey, Inc. has a 1 year low of $127.14 and a 1 year high of $192.10. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 31.35 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.42. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm's quarterly revenue was up 28.0% on a year-over-year basis. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

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.