Snowden Capital Advisors LLC Raises Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Snowden Capital Advisors LLC increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 35.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,015 shares of the financial services provider’s stock after purchasing an additional 1,042 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Houlihan Lokey were worth $697,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $29,000. Financial Life Planners purchased a new stake in Houlihan Lokey during the 4th quarter worth $33,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey in the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC purchased a new position in Houlihan Lokey in the fourth quarter valued at about $62,000. Finally, Mather Group LLC. lifted its stake in shares of Houlihan Lokey by 24.8% during the fourth 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. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of recent research reports. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group increased their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Morgan Stanley lowered their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $185.00.

Houlihan Lokey Stock Down 1.1%

Shares of HLI opened at $178.74 on Tuesday. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 34.11 and a beta of 0.82. The business’s 50 day moving average is $161.13 and its two-hundred day moving average is $171.94. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week high of $192.10.

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

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.57. Houlihan Lokey’s dividend payout ratio is 41.24%.

About Houlihan Lokey

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.