Outlook Wealth Advisors LLC Takes Position in Houlihan Lokey, Inc. (NYSE:HLI)

Outlook Wealth Advisors LLC bought a new position 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 (SEC). The fund bought 2,550 shares of the financial services provider’s stock, valued at approximately $443,000.

Several other large investors have also recently bought and sold shares of HLI. Park Avenue Securities LLC lifted its holdings in Houlihan Lokey by 20.8% during the 4th quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider’s stock worth $1,614,000 after buying an additional 1,599 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Houlihan Lokey in the fourth quarter valued at approximately $21,613,000. Gunderson Capital Management Inc. acquired a new stake in Houlihan Lokey during the fourth quarter worth approximately $5,133,000. PFW Advisors LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $243,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Houlihan Lokey by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,706 shares of the financial services provider’s stock valued at $4,220,000 after buying an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on HLI. Morgan Stanley downgraded shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $171.00 to $200.00 in a research note on Monday, December 9th. UBS Group lifted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company decreased their price objective on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Monday. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $173.40.

Houlihan Lokey Trading Up 4.1 %

NYSE:HLI opened at $175.09 on Thursday. Houlihan Lokey, Inc. has a 12-month low of $112.84 and a 12-month high of $192.10. The stock’s 50 day simple moving average is $179.60 and its 200-day simple moving average is $163.41. The firm has a market cap of $12.17 billion, a P/E ratio of 35.81 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. Research analysts forecast that Houlihan Lokey, Inc. will post 5.74 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.30%. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Houlihan Lokey 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.