Teacher Retirement System of Texas cut its stake in shares of Houlihan Lokey (NYSE:HLI) by 34.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,863 shares of the financial services provider’s stock after selling 3,131 shares during the quarter. Teacher Retirement System of Texas’ holdings in Houlihan Lokey were worth $261,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Houlihan Lokey by 7.9% in the 4th quarter. BlackRock Inc. now owns 2,066,583 shares of the financial services provider’s stock worth $93,884,000 after buying an additional 151,682 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Houlihan Lokey by 12.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,232,165 shares of the financial services provider’s stock worth $54,955,000 after buying an additional 138,040 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Houlihan Lokey by 2.4% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,208,454 shares of the financial services provider’s stock worth $54,900,000 after buying an additional 27,987 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Houlihan Lokey by 61.0% in the 1st quarter. Wells Fargo & Company MN now owns 695,590 shares of the financial services provider’s stock worth $31,023,000 after buying an additional 263,485 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in Houlihan Lokey by 0.5% in the 4th quarter. Allianz Asset Management GmbH now owns 664,394 shares of the financial services provider’s stock worth $30,183,000 after buying an additional 3,217 shares in the last quarter. 45.61% of the stock is owned by institutional investors.
Shares of NYSE HLI opened at $52.43 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.30 and a beta of 0.61. Houlihan Lokey has a 1 year low of $34.16 and a 1 year high of $52.86.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $244.75 million during the quarter, compared to analyst estimates of $236.68 million. Houlihan Lokey had a return on equity of 19.69% and a net margin of 17.88%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. equities research analysts forecast that Houlihan Lokey will post 2.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Monday, June 4th were paid a dividend of $0.27 per share. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.20. This represents a $1.08 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, June 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 45.19%.
A number of equities analysts recently issued reports on HLI shares. Zacks Investment Research lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Tuesday, April 17th. ValuEngine raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Buckingham Research started coverage on Houlihan Lokey in a report on Thursday, April 5th. They issued a “buy” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.50.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 25,307 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $1,243,518.00, for a total transaction of $31,469,710,026.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider J Lindsey Alley sold 13,895 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $49.11, for a total value of $682,383.45. Following the transaction, the insider now directly owns 13,895 shares of the company’s stock, valued at $682,383.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,940,840 shares of company stock valued at $989,723,085,872. 69.70% of the stock is currently owned by corporate insiders.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.
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