Renaissance Technologies LLC Has $6.43 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Renaissance Technologies LLC lowered its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 35.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,000 shares of the financial services provider's stock after selling 19,900 shares during the quarter. Renaissance Technologies LLC owned 0.05% of Houlihan Lokey worth $6,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $62,000. Finally, Mather Group LLC. boosted its holdings in 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 acquiring an additional 116 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

HLI traded up $3.15 during trading on Thursday, reaching $158.66. The company had a trading volume of 39,263 shares, compared to its average volume of 350,951. Houlihan Lokey, Inc. has a 12-month low of $123.53 and a 12-month high of $192.10. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 30.27 and a beta of 0.84. The firm's 50-day simple moving average is $160.47 and its 200 day simple moving average is $171.75.

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

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.44%. Houlihan Lokey's dividend payout ratio is 43.51%.

Analysts Set New Price Targets

Several research firms recently commented on HLI. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley reduced their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. UBS Group lifted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company cut their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of "Hold" and an average 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.