Aquatic Capital Management LLC Takes $2.03 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Aquatic Capital Management LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,681 shares of the financial services provider's stock, valued at approximately $2,029,000.

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

Houlihan Lokey Trading Up 1.2 %

Shares of Houlihan Lokey stock traded up $1.98 during midday trading on Thursday, reaching $164.06. The company had a trading volume of 255,648 shares, compared to its average volume of 349,469. The stock has a fifty day simple moving average of $158.63 and a 200 day simple moving average of $171.59. Houlihan Lokey, Inc. has a 1-year low of $127.14 and a 1-year high of $192.10. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 31.31 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLI. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley lowered their target price 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. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price target on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $183.40.

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.