Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lowered its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209,230 shares of the financial services provider's stock after selling 4,486 shares during the quarter. Houlihan Lokey comprises 2.0% of Fiduciary Management Inc. WI's holdings, making the stock its 15th largest holding. Fiduciary Management Inc. WI owned 1.74% of Houlihan Lokey worth $209,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. Barclays PLC lifted its holdings in shares of Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after purchasing an additional 6,483 shares during the last quarter. Gunderson Capital Management Inc. acquired a new position in Houlihan Lokey during the 4th quarter valued at about $5,133,000. Jones Financial Companies Lllp raised its stake in Houlihan Lokey by 80.9% in the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock valued at $979,000 after buying an additional 2,521 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Houlihan Lokey in the fourth quarter worth about $21,613,000. Finally, Park Avenue Securities LLC grew its stake in shares of Houlihan Lokey by 20.8% during the fourth quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider's stock worth $1,614,000 after acquiring an additional 1,599 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of several research analyst reports. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley cut their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Wells Fargo & Company lowered 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. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $183.40.

Houlihan Lokey Price Performance

NYSE:HLI traded up $3.15 during trading hours on Thursday, reaching $158.66. The company had a trading volume of 81,460 shares, compared to its average volume of 427,421. The firm has a market cap of $11.13 billion, a PE ratio of 30.28 and a beta of 0.84. Houlihan Lokey, Inc. has a 1-year low of $123.53 and a 1-year high of $192.10. The business's 50 day moving average price is $160.47 and its 200-day moving average price is $171.75.

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

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. Houlihan Lokey's payout ratio is 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.