James Investment Research Inc. lifted its holdings in Houlihan Lokey Inc (NYSE:HLI) by 313.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,987 shares of the financial services provider’s stock after acquiring an additional 250,142 shares during the period. James Investment Research Inc. owned approximately 0.50% of Houlihan Lokey worth $14,992,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in HLI. Vanguard Group Inc. increased its holdings 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 worth $58,003,000 after acquiring an additional 58,257 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Houlihan Lokey by 19.6% during the second quarter. Voya Investment Management LLC now owns 843,812 shares of the financial services provider’s stock worth $29,449,000 after purchasing an additional 138,002 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Houlihan Lokey by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock worth $29,884,000 after purchasing an additional 8,764 shares during the period. Allianz Asset Management GmbH lifted its stake in Houlihan Lokey by 2.2% in the third 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 during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Houlihan Lokey by 8.7% in the third 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 during the last quarter. 35.05% of the stock is owned by institutional investors.
Shares of Houlihan Lokey Inc (NYSE:HLI) opened at $47.00 on Thursday. The firm has a market capitalization of $3,100.00 and a PE ratio of 18.50. Houlihan Lokey Inc has a twelve month low of $30.33 and a twelve month high of $52.81. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data 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. The firm had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $240.98 million. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. equities analysts anticipate that Houlihan Lokey Inc will post 2.32 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. Houlihan Lokey’s payout ratio is 31.50%.
HLI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $52.00 target price on shares of Houlihan Lokey in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. UBS Group boosted their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Bank of America boosted their target price on shares of Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.50.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/15/james-investment-research-inc-increases-holdings-in-houlihan-lokey-inc-hli.html.
Houlihan Lokey Profile
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.
Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.