20,986 Shares in Houlihan Lokey, Inc. $HLI Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,986 shares of the financial services provider’s stock, valued at approximately $2,815,000.

Other large investors also recently bought and sold shares of the company. Resources Management Corp CT ADV boosted its position in Houlihan Lokey by 0.9% in the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 55 shares in the last quarter. Huntington National Bank increased its holdings in shares of Houlihan Lokey by 5.5% during the 4th quarter. Huntington National Bank now owns 1,156 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 60 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Houlihan Lokey by 1.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,267 shares of the financial services provider’s stock valued at $917,000 after purchasing an additional 61 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Houlihan Lokey by 7.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 956 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 70 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Houlihan Lokey by 4.4% during the fourth quarter. IFP Advisors Inc now owns 1,694 shares of the financial services provider’s stock worth $295,000 after buying an additional 72 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HLI has been the topic of several analyst reports. UBS Group dropped their price target on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Morgan Stanley lowered their target price on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Zacks Research cut Houlihan Lokey from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Houlihan Lokey in a research report on Friday, July 17th. Finally, Wall Street Zen lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $166.38.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $137.05 on Friday. The company’s fifty day moving average price is $133.63 and its 200 day moving average price is $143.70. Houlihan Lokey, Inc. has a 1 year low of $112.83 and a 1 year high of $211.78. The stock has a market capitalization of $9.46 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.58 and a beta of 0.96.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The company had revenue of $511.00 million for the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.14 earnings per share. Sell-side analysts predict that Houlihan Lokey, Inc. will post 6.93 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. Houlihan Lokey’s payout ratio is currently 47.06%.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.