Aquatic Capital Management LLC Takes $2.03 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Aquatic Capital Management LLC acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,681 shares of the financial services provider’s stock, valued at approximately $2,029,000.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $29,000. Financial Life Planners bought a new stake in Houlihan Lokey during the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey in the fourth quarter worth $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter worth about $62,000. Finally, Mather Group LLC. boosted its stake in Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock worth $101,000 after buying an additional 116 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reissued 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. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group upped their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $183.40.

Houlihan Lokey Stock Up 1.2 %

HLI opened at $161.26 on Tuesday. Houlihan Lokey, Inc. has a 52 week low of $126.30 and a 52 week high of $192.10. The stock has a market cap of $11.31 billion, a PE ratio of 30.77 and a beta of 0.84. The business has a 50 day moving average of $159.22 and a 200-day moving average of $171.76.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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%. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

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.