Retirement Systems of Alabama Makes New Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Retirement Systems of Alabama bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, Holdings Channel reports. The fund bought 64,644 shares of the financial services provider’s stock, valued at approximately $7,751,000.

Several other institutional investors also recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $54,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Houlihan Lokey by 100.0% in 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 buying an additional 300 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at approximately $85,000. Planned Solutions Inc. purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $87,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter worth approximately $87,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts 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 boosted their price objective on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a report on Monday, January 29th.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $131.93 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $84.89 and a fifty-two week high of $133.80. The stock has a fifty day moving average of $126.78 and a two-hundred day moving average of $118.84. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 32.74 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $511.30 million during the quarter, compared to analysts’ expectations of $493.02 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS. On average, analysts forecast that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 shares were sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 25.97% of the stock is owned by corporate insiders.

About Houlihan Lokey

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.