Houlihan Lokey, Inc. (NYSE:HLI) Stock Holdings Lowered by Chase Investment Counsel Corp

Chase Investment Counsel Corp reduced its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,030 shares of the financial services provider’s stock after selling 803 shares during the period. Houlihan Lokey comprises 2.2% of Chase Investment Counsel Corp’s holdings, making the stock its 10th biggest position. Chase Investment Counsel Corp owned about 0.06% of Houlihan Lokey worth $6,777,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Williamson Legacy Group LLC purchased a new stake in shares of Houlihan Lokey in the 4th quarter valued at $959,000. Flputnam Investment Management Co. boosted its holdings in shares of Houlihan Lokey by 3.4% in the 4th quarter. Flputnam Investment Management Co. now owns 169,881 shares of the financial services provider’s stock valued at $29,501,000 after acquiring an additional 5,651 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey in the 4th quarter valued at $29,000. QRG Capital Management Inc. boosted its holdings in shares of Houlihan Lokey by 18.7% in the 4th quarter. QRG Capital Management Inc. now owns 4,548 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 716 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Houlihan Lokey in the 4th quarter valued at $811,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HLI. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley increased their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. UBS Group increased their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Up 1.8 %

Shares of NYSE HLI opened at $173.42 on Friday. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 33.10 and a beta of 0.69. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The firm has a 50-day simple moving average of $177.04 and a 200-day simple moving average of $171.14.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

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.