Scissortail Wealth Management LLC Buys 1,398 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Scissortail Wealth Management LLC increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17,475.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,406 shares of the financial services provider's stock after buying an additional 1,398 shares during the quarter. Scissortail Wealth Management LLC's holdings in Houlihan Lokey were worth $244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nicolet Advisory Services LLC grew its position in Houlihan Lokey by 4.8% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock worth $258,000 after acquiring an additional 70 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after purchasing an additional 77 shares in the last quarter. Mariner LLC boosted its stake in Houlihan Lokey by 0.7% in the fourth quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after purchasing an additional 81 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Houlihan Lokey by 5.7% during the fourth quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider's stock worth $284,000 after purchasing an additional 88 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after buying an additional 92 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $180.78 on Friday. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 34.50 and a beta of 0.82. The company has a 50 day moving average of $160.69 and a 200-day moving average of $171.84. Houlihan Lokey, Inc. has a one year low of $127.14 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $666.42 million during the quarter, compared to analyst estimates 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 business earned $1.27 EPS. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, June 2nd. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.33%. Houlihan Lokey's payout ratio is 41.24%.

Analyst Ratings Changes

HLI has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. UBS Group increased their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company increased their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus target price of $185.00.

Houlihan Lokey Company 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.

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