Centiva Capital LP Acquires 321 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Centiva Capital LP boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,903 shares of the financial services provider’s stock after acquiring an additional 321 shares during the quarter. Centiva Capital LP’s holdings in Houlihan Lokey were worth $504,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC increased its position in shares of Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after purchasing an additional 6,483 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Houlihan Lokey by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,706 shares of the financial services provider’s stock valued at $4,220,000 after buying an additional 482 shares in the last quarter. PFW Advisors LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at $243,000. Gunderson Capital Management Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $5,133,000. Finally, Assenagon Asset Management S.A. purchased a new position in Houlihan Lokey in the fourth quarter worth $21,613,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HLI. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley decreased their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $186.40.

Houlihan Lokey Stock Down 0.7 %

Shares of HLI opened at $173.89 on Friday. The firm has a fifty day simple moving average of $158.55 and a two-hundred day simple moving average of $171.47. Houlihan Lokey, Inc. has a twelve month low of $127.14 and a twelve month high of $192.10. The stock has a market capitalization of $12.20 billion, a P/E ratio of 33.19 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $666.42 million for the quarter, compared to analysts’ expectations of $628.25 million. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Houlihan Lokey’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. Sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, June 2nd. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.57. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Houlihan Lokey Profile

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.