Bearing Point Capital LLC Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Bearing Point Capital LLC bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,156 shares of the financial services provider's stock, valued at approximately $7,668,000. Houlihan Lokey comprises approximately 1.6% of Bearing Point Capital LLC's portfolio, making the stock its 17th biggest position. Bearing Point Capital LLC owned approximately 0.06% of Houlihan Lokey at the end of the most recent reporting period.

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

Houlihan Lokey Stock Up 1.9 %

NYSE HLI opened at $166.95 on Friday. The firm's 50 day moving average is $158.62 and its 200-day moving average is $171.57. The company has a market capitalization of $11.71 billion, a PE ratio of 31.86 and a beta of 0.82. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HLI shares. Wells Fargo & Company decreased their target price 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. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group increased their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research 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 company's stock. Based on data from MarketBeat.com, Houlihan Lokey presently has an average rating of "Hold" and an average target price 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.

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