722 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Planned Solutions Inc.

Planned Solutions Inc. acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, HoldingsChannel reports. The firm acquired 722 shares of the financial services provider’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its stake in shares of Houlihan Lokey by 113,571.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,157,263 shares of the financial services provider’s stock valued at $449,507,000 after purchasing an additional 5,152,726 shares during the last quarter. Wellington Management Group LLP raised its stake in Houlihan Lokey by 56.1% during the third quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock worth $291,761,000 after acquiring an additional 978,776 shares in the last quarter. FMR LLC lifted its holdings in shares of Houlihan Lokey by 69.9% in the third quarter. FMR LLC now owns 1,507,610 shares of the financial services provider’s stock worth $161,495,000 after acquiring an additional 620,182 shares during the last quarter. Morgan Stanley boosted its stake in shares of Houlihan Lokey by 127.6% in the 4th quarter. Morgan Stanley now owns 931,264 shares of the financial services provider’s stock valued at $81,169,000 after purchasing an additional 522,178 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at approximately $43,734,000. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upped their price target on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research note on Monday, January 29th.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $127.83 on Thursday. Houlihan Lokey, Inc. has a one year low of $83.92 and a one year high of $133.80. The business’s 50 day simple moving average is $125.52 and its 200 day simple moving average is $115.08. The stock has a market capitalization of $8.83 billion, a PE ratio of 31.72 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million during the quarter, compared to analysts’ expectations of $493.02 million. During the same period in the prior year, the company posted $1.14 earnings per share. Houlihan Lokey’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts expect that Houlihan Lokey, Inc. will post 4.36 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Thursday, February 29th. Houlihan Lokey’s dividend payout ratio (DPR) is presently 54.59%.

Insider Activity

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.97% of the stock is owned by company insiders.

About Houlihan Lokey

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.