Townsquare Capital LLC Buys 3,460 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Townsquare Capital LLC raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,114 shares of the financial services provider’s stock after acquiring an additional 3,460 shares during the period. Townsquare Capital LLC’s holdings in Houlihan Lokey were worth $5,056,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey in the fourth quarter worth about $29,000. Financial Life Planners purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey during the 4th quarter valued at approximately $62,000. Finally, Mather Group LLC. grew its holdings in shares of Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $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.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $151.31 on Monday. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 28.88 and a beta of 0.84. The business’s 50 day moving average price is $164.89 and its 200-day moving average price is $172.24.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.51%. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HLI. Wells Fargo & Company dropped their price objective on shares of Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley cut their target price on Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $183.40.

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.