New York State Common Retirement Fund boosted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 168,931 shares of the financial services provider's stock after acquiring an additional 8,905 shares during the period. New York State Common Retirement Fund owned 0.24% of Houlihan Lokey worth $20,257,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth $54,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Houlihan Lokey by 100.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider's stock worth $65,000 after purchasing an additional 300 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Houlihan Lokey during the third quarter worth $87,000. Planned Solutions Inc. bought a new position in shares of Houlihan Lokey during the fourth quarter worth $87,000. Finally, UMB Bank n.a. lifted its position in Houlihan Lokey by 34.9% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider's stock valued at $93,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.
Insider Activity at Houlihan Lokey
In related news, General Counsel Christopher M. Crain sold 1,000 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 25.97% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
HLI has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research report on Monday, January 29th. UBS Group boosted their price objective on shares of Houlihan Lokey from $136.00 to $142.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th.
Get Our Latest Stock Report on HLI
Houlihan Lokey Trading Down 0.3 %
Shares of Houlihan Lokey stock traded down $0.33 during trading on Friday, hitting $126.70. 161,304 shares of the stock were exchanged, compared to its average volume of 303,598. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 31.44 and a beta of 0.68. The company has a fifty day moving average price of $126.97 and a 200-day moving average price of $118.24. Houlihan Lokey, Inc. has a 1-year low of $84.89 and a 1-year high of $133.80.
Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company 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%. Houlihan Lokey's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. Equities research analysts forecast that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.
Houlihan Lokey Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.74%. Houlihan Lokey's dividend payout ratio (DPR) is currently 54.59%.
About Houlihan Lokey
(
Free Report)
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.
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