Hantz Financial Services Inc. Sells 808 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Hantz Financial Services Inc. trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,426 shares of the financial services provider’s stock after selling 808 shares during the quarter. Hantz Financial Services Inc.’s holdings in Houlihan Lokey were worth $421,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Strategic Wealth Investment Group LLC boosted its holdings in Houlihan Lokey by 0.8% in the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 62 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Houlihan Lokey by 12.6% in the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after buying an additional 96 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after acquiring an additional 100 shares in the last quarter. Pathstone Holdings LLC increased 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 acquiring an additional 115 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Houlihan Lokey by 12.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HLI shares. UBS Group upped their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley lifted their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Price Performance

NYSE HLI opened at $181.92 on Friday. The company’s fifty day moving average is $178.78 and its two-hundred day moving average is $167.17. Houlihan Lokey, Inc. has a 52-week low of $119.28 and a 52-week high of $192.10. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 34.72 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 (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.84 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.25%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

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.