Dimensional Fund Advisors LP Has $95.35 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Dimensional Fund Advisors LP cut its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 549,066 shares of the financial services provider's stock after selling 31,168 shares during the period. Dimensional Fund Advisors LP owned about 0.79% of Houlihan Lokey worth $95,352,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA purchased a new position in shares of Houlihan Lokey during the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in Houlihan Lokey during the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey in the 4th quarter worth about $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey in the 4th quarter worth about $62,000. Finally, Mather Group LLC. raised its stake 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 worth $101,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLI. Morgan Stanley dropped their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price target on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of "Hold" and a consensus target price of $183.40.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $3.05 during midday trading on Friday, hitting $166.95. The company's stock had a trading volume of 515,323 shares, compared to its average volume of 350,130. The stock's 50 day simple moving average is $158.63 and its 200 day simple moving average is $171.59. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 31.86 and a beta of 0.84. Houlihan Lokey, Inc. has a fifty-two week low of $127.14 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS 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.