Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,808 shares of the financial services provider's stock after acquiring an additional 4,170 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Houlihan Lokey were worth $5,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $29,000. Financial Life Planners bought a new stake in Houlihan Lokey in the fourth quarter valued at $33,000. Golden State Wealth Management LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $62,000. Finally, Mather Group LLC. grew its position in shares of Houlihan Lokey by 24.8% during 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 during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Houlihan Lokey Stock Performance

Shares of HLI stock traded up $1.33 during mid-day trading on Wednesday, hitting $164.27. 427,556 shares of the stock traded hands, compared to its average volume of 351,981. Houlihan Lokey, Inc. has a twelve month low of $127.14 and a twelve month high of $192.10. The company's 50-day simple moving average is $158.35 and its 200-day simple moving average is $171.43. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 31.35 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.42. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

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.