KLP Kapitalforvaltning AS Acquires New Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

KLP Kapitalforvaltning AS bought a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,600 shares of the financial services provider’s stock, valued at approximately $2,188,000.

A number of other large investors have also recently added to or reduced their stakes in HLI. Private Trust Co. NA bought a new position in shares of Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new position in Houlihan Lokey in the 4th quarter valued at $33,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey in the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the 4th quarter worth $62,000. Finally, Quarry LP bought a new stake in Houlihan Lokey during the third quarter valued at about $76,000. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

HLI has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price objective for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. UBS Group lifted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Trading Down 3.0 %

Shares of NYSE HLI opened at $160.98 on Friday. The firm has a market capitalization of $11.29 billion, a price-to-earnings ratio of 30.72 and a beta of 0.72. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10. The business has a fifty day simple moving average of $172.59 and a 200 day simple moving average of $172.46.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data 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%. On average, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 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.