Longboard Asset Management LP Makes New $208,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Longboard Asset Management LP bought a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,198 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after buying an additional 21,106 shares during the period. Geode Capital Management LLC raised its stake in shares of Houlihan Lokey by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after purchasing an additional 26,564 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after purchasing an additional 9,768 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLI. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday. 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. 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. Wells Fargo & Company increased their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Stock Down 0.2 %

HLI opened at $180.24 on Wednesday. The firm has a market capitalization of $12.53 billion, a P/E ratio of 34.40 and a beta of 0.69. The stock’s 50 day moving average price is $178.39 and its two-hundred day moving average price is $167.81. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its earnings results 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 return on equity of 20.04% and a net margin of 16.00%. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.91 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) 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.