Lecap Asset Management Ltd. Takes $1.08 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Lecap Asset Management Ltd. bought a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,193 shares of the financial services provider’s stock, valued at approximately $1,075,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLI. Barclays PLC raised its holdings in shares of Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after acquiring an additional 6,483 shares in the last quarter. Natixis Advisors LLC increased its position in Houlihan Lokey by 2.5% in the third 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 during the last quarter. State Street Corp raised its stake in Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Gunderson Capital Management Inc. bought a new position in Houlihan Lokey during the fourth quarter valued at $5,133,000. Finally, Assetmark Inc. grew its stake in shares of Houlihan Lokey by 2,482.4% in the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock worth $1,551,000 after buying an additional 9,433 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $185.04 on Friday. The stock has a 50 day moving average price of $178.22 and a 200 day moving average price of $168.33. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The firm has a market capitalization of $12.86 billion, a P/E ratio of 35.31 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.91 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.23%. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Analyst Upgrades and Downgrades

HLI has been the topic of several recent research reports. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $194.40.

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.