New York State Common Retirement Fund Buys 8,905 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

New York State Common Retirement Fund boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 5.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 168,931 shares of the financial services provider’s stock after purchasing an additional 8,905 shares during the period. New York State Common Retirement Fund’s holdings in Houlihan Lokey were worth $20,257,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HLI. UMB Bank n.a. boosted its stake in Houlihan Lokey by 34.9% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 225 shares in the last quarter. Simplicity Solutions LLC grew its holdings in shares of Houlihan Lokey by 15.2% during the third quarter. Simplicity Solutions LLC now owns 3,759 shares of the financial services provider’s stock valued at $403,000 after buying an additional 495 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Houlihan Lokey by 13.2% during the third quarter. Linden Thomas Advisory Services LLC now owns 7,975 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 927 shares in the last quarter. Raymond James & Associates raised its holdings in Houlihan Lokey by 44.6% in the 3rd quarter. Raymond James & Associates now owns 120,099 shares of the financial services provider’s stock worth $12,865,000 after acquiring an additional 37,027 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Houlihan Lokey by 1.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 14,758 shares of the financial services provider’s stock valued at $1,581,000 after acquiring an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 0.3 %

Shares of NYSE:HLI opened at $126.70 on Friday. The stock has a market capitalization of $8.76 billion, a PE ratio of 31.44 and a beta of 0.68. The firm’s 50 day moving average price is $126.97 and its 200-day moving average price is $118.10. Houlihan Lokey, Inc. has a twelve month low of $84.89 and a twelve month 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 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $511.30 million for the quarter, compared to the consensus estimate of $493.02 million. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Analysts expect that Houlihan Lokey, Inc. will post 4.42 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, February 29th. Houlihan Lokey’s dividend payout ratio (DPR) is currently 54.59%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 25.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group raised their target price on shares of 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 issued a $127.00 target price on shares of Houlihan Lokey in a research report on Monday, January 29th.

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.