Fenimore Asset Management Inc Increases Stock Position in Houlihan Lokey, Inc. $HLI

Fenimore Asset Management Inc lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 16.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 123,672 shares of the financial services provider’s stock after acquiring an additional 17,199 shares during the quarter. Fenimore Asset Management Inc’s holdings in Houlihan Lokey were worth $21,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ING Groep NV bought a new position in shares of Houlihan Lokey in the 3rd quarter valued at about $4,640,000. Thrivent Financial for Lutherans lifted its holdings in shares of Houlihan Lokey by 75.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock valued at $146,495,000 after acquiring an additional 307,214 shares during the last quarter. Baker Ellis Asset Management LLC bought a new position in shares of Houlihan Lokey in the 3rd quarter valued at about $589,000. JPMorgan Chase & Co. lifted its holdings in shares of Houlihan Lokey by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 174,695 shares of the financial services provider’s stock valued at $35,868,000 after acquiring an additional 14,483 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Houlihan Lokey by 112.7% in the 3rd quarter. QRG Capital Management Inc. now owns 11,607 shares of the financial services provider’s stock valued at $2,383,000 after acquiring an additional 6,150 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $153.28 on Friday. Houlihan Lokey, Inc. has a 1-year low of $134.41 and a 1-year high of $211.78. The stock’s 50-day moving average is $151.46 and its 200 day moving average is $169.87. The company has a market cap of $10.70 billion, a P/E ratio of 23.55, a PEG ratio of 1.09 and a beta of 0.99.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. During the same period last year, the company earned $1.64 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Houlihan Lokey, Inc. will post 7.73 EPS for the current year.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Director Robert A. Schriesheim sold 5,000 shares of Houlihan Lokey stock in a transaction on Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the transaction, the director directly owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total transaction of $71,700.00. Following the completion of the transaction, the general counsel directly owned 500 shares in the company, valued at $71,700. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HLI has been the subject of several analyst reports. UBS Group decreased their price objective on shares of Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. The Goldman Sachs Group decreased their price objective on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Weiss Ratings downgraded shares of Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley decreased their price objective on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $197.71.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.