14,500 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,500 shares of the financial services provider’s stock, valued at approximately $1,739,000.

Several other large investors also recently modified their holdings of the company. Janiczek Wealth Management LLC purchased a new position in Houlihan Lokey during the third quarter valued at $30,000. Anchor Investment Management LLC purchased a new position in Houlihan Lokey during the fourth quarter valued at $54,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Houlihan Lokey by 100.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 300 shares in the last quarter. Global Retirement Partners LLC lifted its position in Houlihan Lokey by 16.9% during the third quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 109 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Houlihan Lokey during the third quarter valued at $87,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.2 %

Shares of HLI stock opened at $123.80 on Friday. Houlihan Lokey, Inc. has a 12-month low of $84.89 and a 12-month high of $133.80. The stock’s 50-day moving average price is $127.09 and its 200-day moving average price is $117.36. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 30.72 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (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 firm had revenue of $511.30 million for the quarter, compared to analysts’ expectations of $493.02 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 annualized dividend and a dividend yield of 1.78%. Houlihan Lokey’s dividend payout ratio (DPR) is 54.59%.

Insider Transactions at Houlihan Lokey

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 transaction of $128,940.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 25.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HLI. UBS Group boosted their price objective on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research report on Monday, January 29th. Finally, JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th.

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.