Sanctuary Advisors LLC Lowers Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Sanctuary Advisors LLC reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,562 shares of the financial services provider’s stock after selling 445 shares during the period. Sanctuary Advisors LLC’s holdings in Houlihan Lokey were worth $3,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth about $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $53,000. First Horizon Advisors Inc. grew its stake in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares during the period. Quarry LP acquired a new stake in shares of Houlihan Lokey in the third quarter worth $76,000. Finally, Quest Partners LLC purchased a new position in shares of Houlihan Lokey in the 3rd quarter valued at $92,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 2.7 %

Shares of HLI opened at $171.07 on Friday. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 32.65 and a beta of 0.69. The business’s 50 day moving average is $177.48 and its two-hundred day moving average is $170.52. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted 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 net margin of 16.00% and a return on equity of 20.04%. On average, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Houlihan Lokey’s payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HLI. Wells Fargo & Company upped their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley upped their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.