Weil Company Inc. Sells 10,080 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Weil Company Inc. trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 29.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 24,708 shares of the financial services provider’s stock after selling 10,080 shares during the quarter. Houlihan Lokey makes up approximately 1.5% of Weil Company Inc.’s portfolio, making the stock its 18th biggest position. Weil Company Inc.’s holdings in Houlihan Lokey were worth $4,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HLI. Los Angeles Capital Management LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth about $727,000. Bank of New York Mellon Corp boosted its stake in Houlihan Lokey by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider’s stock worth $84,566,000 after purchasing an additional 4,896 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Houlihan Lokey during the 4th quarter worth approximately $1,657,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the 4th quarter valued at approximately $62,000. Finally, Handelsbanken Fonder AB increased its stake in Houlihan Lokey by 10.7% during the 4th quarter. Handelsbanken Fonder AB now owns 13,458 shares of the financial services provider’s stock valued at $2,337,000 after purchasing an additional 1,300 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HLI shares. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

NYSE HLI opened at $167.43 on Wednesday. The firm has a market capitalization of $11.74 billion, a P/E ratio of 31.95 and a beta of 0.69. The stock has a 50-day simple moving average of $177.09 and a two-hundred day simple moving average of $171.15. Houlihan Lokey, Inc. has a fifty-two week low of $121.81 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating 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, analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

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.