Strs Ohio trimmed its holdings in Houlihan Lokey Inc (NYSE:HLI) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,800 shares of the financial services provider’s stock after selling 1,800 shares during the period. Strs Ohio’s holdings in Houlihan Lokey were worth $944,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Houlihan Lokey by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,661,986 shares of the financial services provider’s stock valued at $58,003,000 after purchasing an additional 58,257 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Houlihan Lokey by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock valued at $29,884,000 after acquiring an additional 8,764 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Houlihan Lokey by 2.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 661,177 shares of the financial services provider’s stock valued at $25,872,000 after acquiring an additional 14,230 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Houlihan Lokey by 8.7% during the 3rd quarter. Macquarie Group Ltd. now owns 579,431 shares of the financial services provider’s stock valued at $22,673,000 after acquiring an additional 46,151 shares in the last quarter. Finally, State Street Corp raised its position in shares of Houlihan Lokey by 34.1% during the 2nd quarter. State Street Corp now owns 422,101 shares of the financial services provider’s stock valued at $14,728,000 after acquiring an additional 107,332 shares in the last quarter. 35.05% of the stock is currently owned by institutional investors.
Shares of Houlihan Lokey Inc (NYSE:HLI) traded up $0.17 during midday trading on Wednesday, reaching $47.25. The company’s stock had a trading volume of 42,473 shares, compared to its average volume of 235,344. Houlihan Lokey Inc has a 1 year low of $31.37 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $3,060.59, a price-to-earnings ratio of 18.76, a PEG ratio of 1.11 and a beta of 0.42.
Houlihan Lokey (NYSE:HLI) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The firm had revenue of $258.90 million for the quarter, compared to analyst estimates of $240.98 million. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts predict that Houlihan Lokey Inc will post 2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio is presently 31.62%.
HLI has been the topic of several research reports. UBS Group upped their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Bank of America upped their price target on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $49.00 price target on shares of Houlihan Lokey in a research report on Friday, December 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.50.
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About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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