Harbor Advisors LLC boosted its position in Houlihan Lokey Inc (NYSE:HLI) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the quarter. Harbor Advisors LLC’s holdings in Houlihan Lokey were worth $909,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HLI. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 3.6% in the second 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 last quarter. Ameriprise Financial Inc. grew its stake in shares of Houlihan Lokey by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock worth $29,884,000 after acquiring an additional 8,764 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of 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 worth $25,872,000 after acquiring an additional 14,230 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Houlihan Lokey by 8.7% in the third quarter. Macquarie Group Ltd. now owns 579,431 shares of the financial services provider’s stock worth $22,673,000 after acquiring an additional 46,151 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Houlihan Lokey by 34.1% in the second quarter. State Street Corp now owns 422,101 shares of the financial services provider’s stock worth $14,728,000 after acquiring an additional 107,332 shares during the last quarter. Institutional investors and hedge funds own 39.03% of the company’s stock.
Houlihan Lokey Inc (HLI) traded down $0.12 during trading on Monday, hitting $46.16. The company had a trading volume of 222,700 shares, compared to its average volume of 250,109. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. Houlihan Lokey Inc has a 12 month low of $31.37 and a 12 month high of $52.81. The stock has a market capitalization of $3,040.98, a PE ratio of 18.25, a PEG ratio of 1.10 and a beta of 0.42.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, beating the 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 company had revenue of $258.90 million for the quarter, compared to analysts’ expectations of $240.98 million. During the same period last year, the firm posted $0.57 earnings per share. Houlihan Lokey’s revenue was up 4.5% compared to the same quarter last year. research analysts anticipate that Houlihan Lokey Inc will post 2.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.
A number of equities research analysts have recently commented on HLI shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.00 target price on shares of Houlihan Lokey in a research note on Friday, December 22nd. Zacks Investment Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Bank of America increased their target price on Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, UBS Group increased their target price on Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Houlihan Lokey presently has an average rating of “Buy” and a consensus target price of $47.50.
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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.
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