Empowered Funds LLC Buys 4,641 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Empowered Funds LLC lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 32.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,050 shares of the financial services provider’s stock after purchasing an additional 4,641 shares during the period. Empowered Funds LLC’s holdings in Houlihan Lokey were worth $3,308,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Financial Life Planners bought a new position in shares of Houlihan Lokey in the fourth quarter worth about $33,000. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey during the 3rd quarter worth about $38,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the 4th quarter worth about $53,000. First Horizon Advisors Inc. grew its holdings in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 198 shares in the last quarter. Finally, Quarry LP bought a new position in Houlihan Lokey during the 3rd quarter worth about $76,000. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HLI shares. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group increased their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Houlihan Lokey presently has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Performance

HLI stock opened at $177.69 on Thursday. The firm has a market cap of $12.35 billion, a price-to-earnings ratio of 33.91 and a beta of 0.69. The firm has a 50-day simple moving average of $177.82 and a two-hundred day simple moving average of $169.18. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 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%. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed 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. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 43.51%.

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.