Fiera Capital Corp Has $4 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Fiera Capital Corp decreased its position in Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 7.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,381 shares of the financial services provider’s stock after selling 2,869 shares during the period. Fiera Capital Corp’s holdings in Houlihan Lokey were worth $4,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLI. Yousif Capital Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $2,960,000. Raymond James & Associates boosted its position in Houlihan Lokey by 14.6% during the 4th quarter. Raymond James & Associates now owns 137,643 shares of the financial services provider’s stock worth $16,505,000 after acquiring an additional 17,544 shares during the period. Victory Capital Management Inc. grew its stake in Houlihan Lokey by 32.4% during the 4th quarter. Victory Capital Management Inc. now owns 59,208 shares of the financial services provider’s stock valued at $7,100,000 after acquiring an additional 14,475 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Houlihan Lokey by 3.6% in the 3rd quarter. Nordea Investment Management AB now owns 427,325 shares of the financial services provider’s stock valued at $46,121,000 after purchasing an additional 14,893 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $1,358,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 25.97% of the stock is currently owned by insiders.

Houlihan Lokey Price Performance

NYSE:HLI traded up $0.85 during mid-day trading on Friday, reaching $134.20. The stock had a trading volume of 518,964 shares, compared to its average volume of 345,355. The stock has a market cap of $9.27 billion, a P/E ratio of 32.65 and a beta of 0.67. The business’s 50 day moving average is $128.35 and its 200 day moving average is $121.18. Houlihan Lokey, Inc. has a fifty-two week low of $86.20 and a fifty-two week high of $137.92.

Houlihan Lokey (NYSE:HLIGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. The company had revenue of $520.46 million for the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. Houlihan Lokey’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 EPS. Equities analysts expect that Houlihan Lokey, Inc. will post 5.72 EPS for the current year.

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, June 3rd. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. Houlihan Lokey’s dividend payout ratio is 53.53%.

Analysts Set New Price Targets

A number of brokerages recently commented on HLI. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. UBS Group lowered their price target on shares of Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $127.00 price objective on shares of Houlihan Lokey in a report on Monday, January 29th.

Check Out Our Latest Stock Analysis on Houlihan Lokey

Houlihan Lokey Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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