Bryce Point Capital LLC Buys Shares of 2,760 Houlihan Lokey, Inc. (NYSE:HLI)

Bryce Point Capital LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,760 shares of the financial services provider’s stock, valued at approximately $479,000.

A number of other large investors also recently modified their holdings of HLI. Raymond James Financial Inc. bought a new position in Houlihan Lokey during the fourth quarter worth $143,559,000. Norges Bank bought a new position in shares of Houlihan Lokey during the 4th quarter worth about $114,047,000. Prudential Financial Inc. lifted its stake in shares of Houlihan Lokey by 731.6% in the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider’s stock valued at $60,341,000 after buying an additional 305,685 shares during the period. Jennison Associates LLC grew its position in Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after buying an additional 237,615 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in Houlihan Lokey during the third quarter valued at about $24,177,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their target price for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Stock Down 4.5 %

NYSE:HLI opened at $146.40 on Friday. The firm has a market cap of $10.27 billion, a PE ratio of 27.94 and a beta of 0.83. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The company’s 50-day moving average price is $169.45 and its two-hundred day moving average price is $172.66.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping 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%. On average, research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s payout ratio is presently 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.