Bearing Point Capital LLC Makes New $7.67 Million Investment in Houlihan Lokey, Inc. (NYSE:HLI)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey in the fourth quarter worth $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey in the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $62,000. Finally, Mather Group LLC. lifted its position in shares of Houlihan Lokey by 24.8% during the 4th 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 period. Institutional investors own 78.07% of the company's stock.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $186.40.

Houlihan Lokey Stock Down 0.4 %

HLI stock traded down $0.78 during trading on Friday, reaching $174.26. The stock had a trading volume of 176,443 shares, compared to its average volume of 352,907. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 33.26 and a beta of 0.82. The company's 50 day moving average is $158.30 and its two-hundred day moving average is $171.40. Houlihan Lokey, Inc. has a one year low of $127.14 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The business had revenue of $666.42 million during the quarter, compared to the consensus estimate of $628.25 million. During the same quarter last year, the company posted $1.27 earnings per share. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.60 per share. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.38%. Houlihan Lokey's dividend payout ratio is presently 43.51%.

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.