Retirement Systems of Alabama Acquires New Position in Houlihan Lokey, Inc. (NYSE:HLI)

Retirement Systems of Alabama bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 64,644 shares of the financial services provider's stock, valued at approximately $7,751,000. Retirement Systems of Alabama owned about 0.09% of Houlihan Lokey at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Houlihan Lokey during the fourth quarter worth approximately $54,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Houlihan Lokey by 100.0% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC acquired a new stake in Houlihan Lokey during the 4th quarter worth $85,000. Headlands Technologies LLC acquired a new stake in Houlihan Lokey during the 3rd quarter worth $87,000. Finally, Planned Solutions Inc. purchased a new position in Houlihan Lokey during the 4th quarter worth $87,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

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

Analyst Ratings Changes

Several brokerages have recently weighed in on HLI. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th. UBS Group increased 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. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $127.00 target price on shares of Houlihan Lokey in a research report on Monday, January 29th.

Houlihan Lokey Trading Up 1.0 %

Shares of NYSE:HLI traded up $1.35 on Friday, reaching $131.90. 272,338 shares of the company were exchanged, compared to its average volume of 308,568. The company has a 50-day moving average of $126.78 and a 200-day moving average of $118.84. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 32.73 and a beta of 0.67. 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 issued its earnings results 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. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million for the quarter, compared to analyst estimates of $493.02 million. During the same period in the prior year, the business posted $1.14 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Houlihan Lokey, Inc. will post 4.42 earnings per share for the current year.

Houlihan Lokey Company 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.