Tidal Investments LLC Purchases 4,520 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Tidal Investments LLC boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 27.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,215 shares of the financial services provider's stock after purchasing an additional 4,520 shares during the period. Tidal Investments LLC's holdings in Houlihan Lokey were worth $3,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Houlihan Lokey by 21.4% during the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after buying an additional 6,483 shares in the last quarter. Jones Financial Companies Lllp grew its position in Houlihan Lokey by 80.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock worth $979,000 after acquiring an additional 2,521 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Houlihan Lokey during the 4th quarter worth approximately $1,657,000. Janney Montgomery Scott LLC increased its holdings in Houlihan Lokey by 1,823.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock valued at $16,550,000 after purchasing an additional 90,343 shares in the last quarter. Finally, Marshall Financial Group LLC bought a new position in Houlihan Lokey in the 4th quarter valued at $903,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on HLI shares. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price target on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. 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 report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley reduced their target price 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $185.00.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.68% of the stock is currently owned by company insiders.

Houlihan Lokey Trading Down 0.1%

Shares of HLI traded down $0.18 during trading hours on Monday, hitting $172.96. 258,016 shares of the stock traded hands, compared to its average volume of 352,988. The business has a fifty day moving average of $162.28 and a 200-day moving average of $171.82. The firm has a market capitalization of $12.13 billion, a PE ratio of 33.01 and a beta of 0.82. Houlihan Lokey, Inc. has a 1-year low of $127.14 and a 1-year high of $192.10.

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

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 2nd. Houlihan Lokey's payout ratio is 41.24%.

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.