Marshall Financial Group LLC Buys Shares of 5,199 Houlihan Lokey, Inc. (NYSE:HLI)

Marshall Financial Group LLC purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,199 shares of the financial services provider’s stock, valued at approximately $903,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLI. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey during the third quarter worth $38,000. First Horizon Advisors Inc. grew its holdings 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 worth $70,000 after acquiring an additional 198 shares during the period. Quarry LP bought a new position in shares of Houlihan Lokey in the 3rd quarter worth about $76,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 277 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter valued at about $92,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $186.08 on Friday. The company has a 50-day moving average price of $179.32 and a 200-day moving average price of $165.80. The stock has a market capitalization of $12.93 billion, a P/E ratio of 38.05 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $119.28 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s payout ratio is currently 46.63%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HLI. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company decreased their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. UBS Group upped their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. Two research 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. According to MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus price target of $173.40.

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.