American Century Companies Inc. cut its holdings in shares of Houlihan Lokey Inc (NYSE:HLI) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,866 shares of the financial services provider’s stock after selling 6,699 shares during the quarter. American Century Companies Inc. owned 0.28% of Houlihan Lokey worth $8,398,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HLI. Advisor Group Inc. lifted its holdings in shares of Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,720 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Houlihan Lokey by 20.3% during the 3rd quarter. American International Group Inc. now owns 16,580 shares of the financial services provider’s stock valued at $649,000 after buying an additional 2,799 shares during the last quarter. OxFORD Asset Management LLP lifted its holdings in shares of Houlihan Lokey by 4.8% during the 3rd quarter. OxFORD Asset Management LLP now owns 98,705 shares of the financial services provider’s stock valued at $3,856,000 after buying an additional 4,534 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Houlihan Lokey by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 211,600 shares of the financial services provider’s stock valued at $8,280,000 after buying an additional 4,700 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $261,000. Hedge funds and other institutional investors own 40.66% of the company’s stock.
Shares of Houlihan Lokey Inc (NYSE:HLI) traded up $0.45 during mid-day trading on Wednesday, hitting $47.89. The company had a trading volume of 417,186 shares, compared to its average volume of 344,888. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. Houlihan Lokey Inc has a 1-year low of $31.88 and a 1-year high of $52.81. The company has a market cap of $3,160.00 and a P/E ratio of 21.00.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.08. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. During the same period last year, the business earned $0.57 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. sell-side analysts predict that Houlihan Lokey Inc will post 2.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, March 1st. Houlihan Lokey’s payout ratio is 35.09%.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Friday, January 12th. Bank of America lifted their price target on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $52.00 price target on shares of Houlihan Lokey in a report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $47.50.
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About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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