Public Employees Retirement System of Ohio Acquires 7,970 Shares of Houlihan Lokey, Inc. $HLI

Public Employees Retirement System of Ohio boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,692 shares of the financial services provider's stock after purchasing an additional 7,970 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of Houlihan Lokey worth $7,568,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of Houlihan Lokey by 14.4% in the first quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider's stock valued at $8,008,000 after buying an additional 6,253 shares during the period. AQR Capital Management LLC raised its holdings in Houlihan Lokey by 50.0% in the 1st quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider's stock valued at $4,598,000 after acquiring an additional 9,891 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Houlihan Lokey during the 1st quarter valued at $18,964,000. Goldman Sachs Group Inc. lifted its position in shares of Houlihan Lokey by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider's stock valued at $67,143,000 after acquiring an additional 22,553 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth $1,033,000. Institutional investors own 78.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HLI. The Goldman Sachs Group set a $164.00 price target on Houlihan Lokey in a research report on Friday, July 10th. UBS Group increased their price objective on shares of Houlihan Lokey from $160.00 to $161.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a report on Thursday, July 9th. Wolfe Research upgraded shares of Houlihan Lokey from an "underperform" rating to a "peer perform" rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $172.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $180.50.

Insider Buying and Selling

In related news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the sale, the chairman directly owned 6,265 shares in the company, valued at $941,378.90. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.83% of the stock is currently owned by corporate insiders.

Houlihan Lokey Stock Up 0.6%

NYSE HLI opened at $141.07 on Tuesday. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.19 and a beta of 0.95. Houlihan Lokey, Inc. has a twelve month low of $130.72 and a twelve month high of $211.78. The business's fifty day moving average is $140.63 and its 200 day moving average is $153.27.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The firm had revenue of $635.64 million during the quarter, compared to analyst estimates of $679.22 million. During the same period in the previous year, the company earned $1.96 EPS. Houlihan Lokey's revenue for the quarter was down 4.6% on a year-over-year basis. On average, research analysts anticipate that Houlihan Lokey, Inc. will post 7.91 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.70 dividend. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.60. The ex-dividend date was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. Houlihan Lokey's dividend payout ratio (DPR) is 45.02%.

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.

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