Houlihan Lokey, Inc. (HLI) Position Boosted by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,171 shares of the financial services provider’s stock after acquiring an additional 2,936 shares during the quarter. OxFORD Asset Management LLP owned 0.40% of Houlihan Lokey worth $3,287,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HLI. SG Americas Securities LLC acquired a new stake in Houlihan Lokey in the second quarter valued at $105,000. Victory Capital Management Inc. lifted its stake in Houlihan Lokey by 9.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 381 shares during the last quarter. Legal & General Group Plc grew its holdings in Houlihan Lokey by 37.8% during the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,270 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Houlihan Lokey during the first quarter worth about $182,000. Finally, Jane Street Group LLC bought a new position in Houlihan Lokey during the first quarter worth about $205,000. 32.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Houlihan Lokey, Inc. (NYSE HLI) opened at 39.13 on Monday. The company’s 50 day moving average is $36.00 and its 200 day moving average is $34.74. Houlihan Lokey, Inc. has a 52-week low of $23.19 and a 52-week high of $39.68. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 20.29 and a beta of 0.36.
Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business had revenue of $217.00 million for the quarter, compared to analyst estimates of $203.21 million. During the same quarter in the prior year, the firm posted $0.35 EPS. Houlihan Lokey’s revenue was up 19.9% on a year-over-year basis. Analysts anticipate that Houlihan Lokey, Inc. will post $2.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.04%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 41.67%.
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A number of research firms recently weighed in on HLI. UBS AG restated a “buy” rating and issued a $42.00 price target (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. BidaskClub cut Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $40.00 target price on shares of Houlihan Lokey in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Houlihan Lokey has an average rating of “Buy” and a consensus price target of $39.83.
In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 69.70% of the stock is currently owned by insiders.
Houlihan Lokey Company Profile
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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