Bridgefront Capital LLC Purchases Shares of 4,714 Houlihan Lokey, Inc. (NYSE:HLI)

Bridgefront Capital LLC purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,714 shares of the financial services provider's stock, valued at approximately $819,000.

A number of other institutional investors also recently made changes to their positions in HLI. Private Trust Co. NA acquired a new stake in Houlihan Lokey in the fourth quarter worth approximately $29,000. Financial Life Planners bought a new position in Houlihan Lokey during the fourth quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the fourth quarter worth 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 acquiring an additional 116 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Trading Down 0.7 %

NYSE HLI traded down $1.15 during trading on Friday, reaching $173.89. 343,486 shares of the company's stock were exchanged, compared to its average volume of 352,852. Houlihan Lokey, Inc. has a fifty-two week low of $127.14 and a fifty-two week high of $192.10. The company's fifty day simple moving average is $158.55 and its 200-day simple moving average is $171.43. The firm has a market capitalization of $12.20 billion, a PE ratio of 33.19 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating 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 firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm's revenue was up 28.0% on a year-over-year basis. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.38%. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 2nd. Houlihan Lokey's dividend payout ratio (DPR) is currently 43.51%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective 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. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued 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. 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 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $186.40.

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.