Royce & Associates LP increased its stake in shares of Houlihan Lokey Inc (NYSE:HLI) by 31.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 952,680 shares of the financial services provider’s stock after acquiring an additional 226,952 shares during the period. Royce & Associates LP owned about 1.45% of Houlihan Lokey worth $35,059,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. ORIX Corp USA raised its holdings in Houlihan Lokey by 617.3% during the third quarter. ORIX Corp USA now owns 609,721 shares of the financial services provider’s stock worth $27,395,000 after acquiring an additional 524,721 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Houlihan Lokey by 7.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,853,152 shares of the financial services provider’s stock worth $68,196,000 after acquiring an additional 133,768 shares in the last quarter. Southside Capital LLC bought a new stake in Houlihan Lokey during the fourth quarter worth about $4,883,000. BlackRock Inc. raised its holdings in Houlihan Lokey by 5.5% during the third quarter. BlackRock Inc. now owns 2,363,498 shares of the financial services provider’s stock worth $106,191,000 after acquiring an additional 122,620 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new stake in Houlihan Lokey during the third quarter worth about $4,881,000. Institutional investors and hedge funds own 53.00% of the company’s stock.
Several 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 Friday, January 11th. Goldman Sachs Group initiated coverage on Houlihan Lokey in a research note on Tuesday, November 6th. They issued a “neutral” rating and a $46.00 price objective on the stock. Bank of America upgraded Houlihan Lokey from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $47.00 in a research note on Wednesday, January 9th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 price objective on shares of Houlihan Lokey in a research note on Friday, January 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Houlihan Lokey has a consensus rating of “Buy” and an average target price of $50.00.
NYSE:HLI opened at $46.75 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03. Houlihan Lokey Inc has a 12-month low of $34.31 and a 12-month high of $53.20.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. The firm had revenue of $298.01 million for the quarter, compared to analyst estimates of $250.82 million. Houlihan Lokey had a return on equity of 21.01% and a net margin of 14.63%. Equities research analysts predict that Houlihan Lokey Inc will post 2.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be paid a $0.27 dividend. The ex-dividend date is Friday, March 1st. This represents a $1.08 annualized dividend and a yield of 2.31%. Houlihan Lokey’s dividend payout ratio is 45.19%.
In other Houlihan Lokey news, CFO J Lindsey Alley sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $44.27, for a total value of $354,160.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $44.08, for a total value of $44,080.00. The disclosure for this sale can be found here. 80.50% of the stock is owned by corporate insiders.
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Houlihan Lokey Profile
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and 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, as well as financial sponsors on various transactions.
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