Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by Strs Ohio

Strs Ohio raised its position in Houlihan Lokey, Inc. (NYSE:HLI) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,700 shares of the financial services provider’s stock after buying an additional 5,700 shares during the period. Strs Ohio’s holdings in Houlihan Lokey were worth $6,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HLI. Janiczek Wealth Management LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $30,000. Anchor Investment Management LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $54,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Houlihan Lokey by 100.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 300 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Houlihan Lokey by 16.9% during the 3rd quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 109 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $87,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLI has been the topic of several recent research reports. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group boosted their target price on Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a research report on Monday, January 29th.

Houlihan Lokey Stock Performance

HLI stock opened at $122.82 on Thursday. The firm has a market cap of $8.49 billion, a PE ratio of 30.48 and a beta of 0.68. The firm’s 50 day moving average price is $127.21 and its 200-day moving average price is $117.19. Houlihan Lokey, Inc. has a one year low of $84.89 and a one year high of $133.80.

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

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, February 29th. Houlihan Lokey’s payout ratio is presently 54.59%.

Insider Activity

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 25.97% of the company’s stock.

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.