Townsquare Capital LLC Has $5.06 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Townsquare Capital LLC grew its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,114 shares of the financial services provider's stock after purchasing an additional 3,460 shares during the period. Townsquare Capital LLC's holdings in Houlihan Lokey were worth $5,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLI. Rockefeller Capital Management L.P. increased its holdings in shares of Houlihan Lokey by 21.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,208 shares of the financial services provider's stock worth $2,120,000 after acquiring an additional 2,155 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Houlihan Lokey by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,899 shares of the financial services provider's stock valued at $503,000 after buying an additional 1,033 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Houlihan Lokey by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,053 shares of the financial services provider's stock worth $4,003,000 after buying an additional 150 shares during the period. Capital Fund Management S.A. bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $3,002,000. Finally, Advisory Services Network LLC raised its position in Houlihan Lokey by 165.1% in the 4th quarter. Advisory Services Network LLC now owns 6,631 shares of the financial services provider's stock valued at $1,152,000 after buying an additional 4,130 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Up 0.7 %

Shares of HLI traded up $1.07 during trading hours on Friday, hitting $153.17. The company had a trading volume of 225,079 shares, compared to its average volume of 352,896. The business has a fifty day moving average of $161.93 and a 200-day moving average of $171.88. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 29.23 and a beta of 0.84. Houlihan Lokey, Inc. has a 12 month low of $122.41 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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%. On average, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased 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 note on Wednesday, January 29th. Morgan Stanley reduced 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 note on Monday, April 7th. UBS Group lifted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey currently has an average rating of "Hold" and a consensus price target of $183.40.

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.