BNP Paribas Arbitrage SA increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 348.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,771 shares of the financial services provider’s stock after acquiring an additional 44,108 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.08% of Houlihan Lokey worth $5,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AlphaCrest Capital Management LLC bought a new position in Houlihan Lokey during the 4th quarter worth approximately $2,183,000. Lazard Asset Management LLC grew its position in Houlihan Lokey by 89.3% during the 4th quarter. Lazard Asset Management LLC now owns 549 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 259 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Houlihan Lokey by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,571 shares of the financial services provider’s stock worth $78,940,000 after acquiring an additional 6,260 shares during the last quarter. VELA Investment Management LLC bought a new position in Houlihan Lokey during the 4th quarter worth approximately $452,000. Finally, Argent Capital Management LLC grew its position in Houlihan Lokey by 1.6% during the 4th quarter. Argent Capital Management LLC now owns 42,046 shares of the financial services provider’s stock worth $4,353,000 after acquiring an additional 653 shares during the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.
HLI has been the subject of several research analyst reports. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley dropped their price objective on Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a report on Friday, March 25th. Piper Sandler cut Houlihan Lokey from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $92.00 to $76.00 in a report on Thursday, April 7th. Zacks Investment Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Finally, The Goldman Sachs Group dropped their price objective on Houlihan Lokey from $127.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey presently has a consensus rating of “Hold” and a consensus target price of $105.83.
HLI opened at $84.66 on Friday. The stock has a market cap of $5.70 billion, a PE ratio of 13.21 and a beta of 0.65. The business has a 50 day moving average of $88.41 and a 200-day moving average of $101.26. Houlihan Lokey, Inc. has a 52 week low of $71.04 and a 52 week high of $122.62.
Houlihan Lokey (NYSE:HLI – Get Rating) last announced its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.69. The business had revenue of $888.80 million during the quarter, compared to analysts’ expectations of $664.27 million. Houlihan Lokey had a return on equity of 34.96% and a net margin of 20.52%. The firm’s quarterly revenue was up 65.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.63 EPS for the current fiscal year.
About Houlihan Lokey (Get Rating)
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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