Golden State Wealth Management LLC Buys New Position in Houlihan Lokey, Inc. (NYSE:HLI)

Golden State Wealth Management LLC acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 305 shares of the financial services provider’s stock, valued at approximately $53,000.

Other large investors have also bought and sold shares of the company. Financial Life Planners bought a new position in Houlihan Lokey in the fourth quarter worth approximately $33,000. Wolff Wiese Magana LLC acquired a new stake in Houlihan Lokey in the 3rd quarter valued at $38,000. First Horizon Advisors Inc. increased its stake in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares in the last quarter. Quarry LP acquired a new position in Houlihan Lokey during the third quarter worth $76,000. Finally, Quest Partners LLC bought a new position in shares of Houlihan Lokey in the third quarter valued at $92,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $180.38 on Tuesday. The stock has a market capitalization of $12.54 billion, a PE ratio of 34.42 and a beta of 0.69. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The business’s fifty day moving average price is $178.09 and its 200-day moving average price is $168.91.

Houlihan Lokey (NYSE:HLI) last issued 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 net margin of 16.00% and a return on equity of 20.04%. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. Houlihan Lokey’s dividend payout ratio is 43.51%.

Analyst Ratings Changes

HLI has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $194.40.

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.