Bryce Point Capital LLC Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Bryce Point Capital LLC acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,760 shares of the financial services provider’s stock, valued at approximately $479,000.

Several other hedge funds have also modified their holdings of HLI. CIBC Asset Management Inc raised its stake 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 purchasing an additional 77 shares during the period. M&T Bank Corp raised its position in Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after buying an additional 92 shares during the period. Atria Wealth Solutions Inc. boosted its position in 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 worth $282,000 after acquiring an additional 95 shares during the period. State of Michigan Retirement System grew its stake in 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 acquiring an additional 100 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Houlihan Lokey by 24.8% in 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 period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HLI has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group boosted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their target price for the company from $201.00 to $190.00 in a research note on Thursday, March 13th. Finally, Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price target for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Houlihan Lokey currently has an average rating of “Hold” and an average price target of $192.00.

Houlihan Lokey Price Performance

NYSE HLI opened at $146.40 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The stock’s 50-day moving average is $169.45 and its two-hundred day moving average is $172.66. The firm has a market cap of $10.27 billion, a P/E ratio of 27.94 and a beta of 0.83.

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

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend 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.