Van ECK Associates Corp Acquires 3,439 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Van ECK Associates Corp lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 31.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,289 shares of the financial services provider’s stock after buying an additional 3,439 shares during the quarter. Van ECK Associates Corp’s holdings in Houlihan Lokey were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in Houlihan Lokey in the fourth quarter worth $54,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Houlihan Lokey by 100.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock valued at $65,000 after buying an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $85,000. Planned Solutions Inc. bought a new position in Houlihan Lokey in the fourth quarter worth approximately $87,000. Finally, Headlands Technologies LLC bought a new position in Houlihan Lokey in the third quarter worth approximately $87,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 1.0 %

NYSE HLI opened at $132.88 on Thursday. The business has a fifty day simple moving average of $127.02 and a 200 day simple moving average of $119.56. Houlihan Lokey, Inc. has a 12 month low of $85.37 and a 12 month high of $135.35. The firm has a market capitalization of $9.18 billion, a P/E ratio of 32.97 and a beta of 0.67.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 25.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HLI shares. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. UBS Group lifted their price objective on shares of Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a research report on Monday, January 29th.

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.