OMERS ADMINISTRATION Corp Invests $868,000 in Houlihan Lokey, Inc. (NYSE:HLI)

OMERS ADMINISTRATION Corp purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the financial services provider's stock, valued at approximately $868,000.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after buying an additional 6,483 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at approximately $21,613,000. Park Avenue Securities LLC lifted its stake in Houlihan Lokey by 20.8% during the fourth quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider's stock worth $1,614,000 after purchasing an additional 1,599 shares during the last quarter. J2 Capital Management Inc acquired a new position in Houlihan Lokey in the fourth quarter worth $335,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Houlihan Lokey by 12.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,387 shares of the financial services provider's stock worth $241,000 after purchasing an additional 150 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 23.68% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price target on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Morgan Stanley reduced their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company increased their target price on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus target price of $185.00.

Houlihan Lokey Price Performance

HLI stock traded down $4.57 on Wednesday, reaching $172.85. The company's stock had a trading volume of 284,546 shares, compared to its average volume of 351,654. Houlihan Lokey, Inc. has a 52 week low of $127.14 and a 52 week high of $192.10. The company has a market capitalization of $12.12 billion, a P/E ratio of 32.99 and a beta of 0.82. The firm has a fifty day moving average of $161.56 and a two-hundred day moving average of $171.98.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The company had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Monday, June 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio is currently 41.24%.

Houlihan Lokey Profile

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.