Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 142.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,507 shares of the financial services provider’s stock after purchasing an additional 4,407 shares during the quarter. Entropy Technologies LP’s holdings in Houlihan Lokey were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after acquiring an additional 21,106 shares during the period. Geode Capital Management LLC raised its stake in shares of Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after purchasing an additional 26,564 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after buying an additional 149,114 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in Houlihan Lokey by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after buying an additional 9,768 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group upped 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. Morgan Stanley lifted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Down 2.4 %

Shares of Houlihan Lokey stock opened at $180.38 on Tuesday. The firm has a market cap of $12.54 billion, a PE ratio of 34.42 and a beta of 0.69. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The business has a 50-day moving average price of $178.09 and a 200 day moving average price of $168.91.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

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 issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is 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.