Mayflower Financial Advisors LLC Makes New $230.34 Million Investment in Houlihan Lokey, Inc. $HLI

Mayflower Financial Advisors LLC purchased a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 1,121,832 shares of the financial services provider’s stock, valued at approximately $230,335,000. Houlihan Lokey accounts for about 22.5% of Mayflower Financial Advisors LLC’s holdings, making the stock its largest position.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth about $126,723,000. Champlain Investment Partners LLC boosted its stake in Houlihan Lokey by 194.9% during the second quarter. Champlain Investment Partners LLC now owns 546,340 shares of the financial services provider’s stock worth $98,314,000 after buying an additional 361,085 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Houlihan Lokey by 1,168.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 239,522 shares of the financial services provider’s stock valued at $38,683,000 after acquiring an additional 220,632 shares during the last quarter. Renaissance Group LLC purchased a new stake in shares of Houlihan Lokey in the 2nd quarter valued at approximately $34,115,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Houlihan Lokey in the 2nd quarter valued at approximately $32,882,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HLI has been the subject of a number of research analyst reports. UBS Group assumed coverage on shares of Houlihan Lokey in a research report on Thursday, December 11th. They set a “neutral” rating and a $193.00 price objective for the company. BMO Capital Markets started coverage on Houlihan Lokey in a research note on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday, December 22nd. Keefe, Bruyette & Woods cut their price objective on Houlihan Lokey from $230.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Houlihan Lokey in a research note on Thursday, October 9th. They set a “hold” rating and a $210.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $207.43.

Houlihan Lokey Stock Up 0.3%

NYSE:HLI opened at $178.49 on Friday. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78. The company has a fifty day simple moving average of $181.10 and a two-hundred day simple moving average of $188.64. The company has a market cap of $12.51 billion, a price-to-earnings ratio of 28.79 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The business had revenue of $659.45 million for the quarter, compared to analysts’ expectations of $639.08 million. During the same period last year, the firm earned $1.46 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 38.71%.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.