Advisory Services Network LLC Purchases 4,130 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Advisory Services Network LLC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 165.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,631 shares of the financial services provider's stock after acquiring an additional 4,130 shares during the period. Advisory Services Network LLC's holdings in Houlihan Lokey were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in Houlihan Lokey by 21.4% during the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after acquiring an additional 6,483 shares during the period. Gunderson Capital Management Inc. acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $5,133,000. Jones Financial Companies Lllp increased its stake in shares of 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 worth $979,000 after buying an additional 2,521 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Houlihan Lokey during the 4th quarter valued at $21,613,000. Finally, Sanctuary Advisors LLC grew its holdings in Houlihan Lokey by 30.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,007 shares of the financial services provider's stock worth $3,162,000 after acquiring an additional 4,658 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

Shares of HLI traded up $1.07 during trading hours on Friday, hitting $153.17. 225,079 shares of the company were exchanged, compared to its average volume of 352,147. The company has a market cap of $10.74 billion, a PE ratio of 29.23 and a beta of 0.84. The firm's 50 day moving average is $162.46 and its 200-day moving average is $171.92. Houlihan Lokey, Inc. has a 52 week low of $122.14 and a 52 week high of $192.10.

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

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.49%. Houlihan Lokey's dividend payout ratio (DPR) is currently 43.51%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HLI shares. Wells Fargo & Company lowered their target price on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley reduced their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group boosted their target price 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. Finally, JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $183.40.

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.