Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 85.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,885 shares of the financial services provider's stock after acquiring an additional 30,354 shares during the period. Mutual of America Capital Management LLC owned about 0.10% of Houlihan Lokey worth $7,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its holdings in Houlihan Lokey by 113,571.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,157,263 shares of the financial services provider's stock valued at $449,507,000 after buying an additional 5,152,726 shares during the period. Earnest Partners LLC increased its holdings in Houlihan Lokey by 1.1% during the third quarter. Earnest Partners LLC now owns 3,123,251 shares of the financial services provider's stock valued at $334,563,000 after buying an additional 34,580 shares during the period. Alliancebernstein L.P. increased its holdings in Houlihan Lokey by 18.2% during the fourth quarter. Alliancebernstein L.P. now owns 2,845,604 shares of the financial services provider's stock valued at $248,023,000 after buying an additional 437,656 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Houlihan Lokey by 0.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,760,144 shares of the financial services provider's stock worth $295,667,000 after purchasing an additional 17,696 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Houlihan Lokey by 56.1% in the third quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider's stock worth $291,761,000 after purchasing an additional 978,776 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on HLI. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $127.00 price target on shares of Houlihan Lokey in a report on Monday, January 29th. Finally, UBS Group lifted their price target on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a "buy" rating in a report on Friday, February 2nd.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 25.97% of the company's stock.

Houlihan Lokey Stock Down 1.7 %

Shares of HLI traded down $2.12 during trading hours on Friday, reaching $125.07. 245,175 shares of the company traded hands, compared to its average volume of 343,818. The stock has a market capitalization of $8.64 billion, a P/E ratio of 31.03 and a beta of 0.68. Houlihan Lokey, Inc. has a 12-month low of $84.89 and a 12-month high of $133.80. The business has a fifty day moving average price of $127.26 and a 200-day moving average price of $116.77.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.10. The firm had revenue of $511.30 million for the quarter, compared to analyst estimates of $493.02 million. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. As a group, research analysts predict that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, February 29th. Houlihan Lokey's dividend payout ratio (DPR) is presently 54.59%.

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.