Versor Investments LP Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Versor Investments LP purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,671 shares of the financial services provider’s stock, valued at approximately $811,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Financial Life Planners purchased a new position in shares of Houlihan Lokey in the 4th quarter worth about $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter worth about $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter worth about $62,000. First Horizon Advisors Inc. raised its holdings in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the period. Finally, Quarry LP purchased a new position in shares of Houlihan Lokey in the 3rd quarter worth about $76,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 1.8 %

Shares of HLI opened at $173.42 on Friday. The business’s 50 day moving average is $177.04 and its two-hundred day moving average is $171.14. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 33.10 and a beta of 0.69.

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

Houlihan Lokey Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group raised their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley raised their target price on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.