Grandeur Peak Global Advisors LLC Has $1.97 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Grandeur Peak Global Advisors LLC decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 67.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,350 shares of the financial services provider's stock after selling 23,889 shares during the period. Grandeur Peak Global Advisors LLC's holdings in Houlihan Lokey were worth $1,971,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Houlihan Lokey by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after buying an additional 98,495 shares during the last quarter. FMR LLC raised its position in shares of Houlihan Lokey by 9.4% in the 4th quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock valued at $325,651,000 after purchasing an additional 161,647 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Houlihan Lokey by 122.7% during the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock valued at $180,815,000 after buying an additional 573,745 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Houlihan Lokey by 2.8% during the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider's stock worth $153,405,000 after buying an additional 26,564 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Houlihan Lokey in the fourth quarter valued at $143,559,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HLI shares. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley dropped their price target 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. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $183.40.

Houlihan Lokey Stock Performance

HLI traded up $2.53 during trading on Thursday, reaching $154.63. The company had a trading volume of 82,892 shares, compared to its average volume of 351,205. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 29.51 and a beta of 0.84. The firm's 50-day simple moving average is $163.01 and its 200 day simple moving average is $171.96.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly 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 net margin of 16.00% and a return on equity of 20.04%. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey's payout ratio is presently 43.51%.

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.