Atria Investments Inc Sells 2,548 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Atria Investments Inc lessened its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 11.3% during the 4th quarter, Holdings Channel reports. The fund owned 19,949 shares of the financial services provider’s stock after selling 2,548 shares during the period. Atria Investments Inc’s holdings in Houlihan Lokey were worth $3,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 77 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 95 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Houlihan Lokey by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock valued at $2,205,000 after purchasing an additional 100 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 115 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Houlihan Lokey by 24.8% during the 4th 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 during the last quarter. Institutional investors own 78.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on HLI shares. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley increased their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $157.45 on Friday. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 30.05 and a beta of 0.72. The business has a fifty day moving average of $175.66 and a 200 day moving average of $171.83. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10.

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

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.45%. Houlihan Lokey’s payout ratio is currently 43.51%.

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.