FourThought Financial Partners LLC Decreases Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

FourThought Financial Partners LLC cut its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,021 shares of the financial services provider’s stock after selling 520 shares during the quarter. FourThought Financial Partners LLC’s holdings in Houlihan Lokey were worth $962,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Houlihan Lokey by 56.1% in the third quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock valued at $291,761,000 after buying an additional 978,776 shares in the last quarter. FMR LLC lifted its position in shares of Houlihan Lokey by 69.9% during the third quarter. FMR LLC now owns 1,507,610 shares of the financial services provider’s stock worth $161,495,000 after purchasing an additional 620,182 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Houlihan Lokey by 1,044.5% during the third quarter. HighTower Advisors LLC now owns 284,957 shares of the financial services provider’s stock worth $30,505,000 after purchasing an additional 260,060 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 77.0% in the third quarter. Envestnet Asset Management Inc. now owns 470,177 shares of the financial services provider’s stock valued at $50,365,000 after purchasing an additional 204,583 shares during the period. Finally, Eventide Asset Management LLC acquired a new stake in Houlihan Lokey during the 3rd quarter valued at $16,029,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Price Performance

NYSE:HLI traded up $1.35 during mid-day trading on Friday, reaching $131.90. The stock had a trading volume of 272,338 shares, compared to its average volume of 308,568. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 32.73 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $84.89 and a 1-year high of $133.80. The stock’s 50 day simple moving average is $126.78 and its two-hundred day simple moving average is $118.91.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The company had revenue of $511.30 million during the quarter, compared to analyst estimates of $493.02 million. During the same quarter last year, the firm earned $1.14 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HLI has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. UBS Group upped their target price on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th.

Houlihan Lokey Company 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.