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Algert Global LLC Sells 8,773 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Houlihan Lokey logo with Finance background

Algert Global LLC cut its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 37.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,356 shares of the financial services provider's stock after selling 8,773 shares during the quarter. Algert Global LLC's holdings in Houlihan Lokey were worth $2,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA purchased a new position in Houlihan Lokey in the fourth quarter worth about $29,000. Financial Life Planners bought a new position in Houlihan Lokey in the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at $62,000. Finally, Mather Group LLC. increased its stake in shares of Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after purchasing an additional 116 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HLI has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday. Morgan Stanley decreased 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 note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $186.40.

Check Out Our Latest Stock Analysis on HLI

Houlihan Lokey Price Performance

Shares of HLI stock traded down $1.15 during mid-day trading on Friday, hitting $173.89. The company had a trading volume of 343,486 shares, compared to its average volume of 352,618. The stock's 50 day moving average price is $158.55 and its 200-day moving average price is $171.47. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week high of $192.10. The company has a market capitalization of $12.20 billion, a P/E ratio of 33.19 and a beta of 0.82.

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

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio (DPR) is currently 43.51%.

Houlihan Lokey Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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