Houlihan Lokey Inc (HLI) Shares Bought by Harbor Advisors LLC
Harbor Advisors LLC boosted its holdings in Houlihan Lokey Inc (NYSE:HLI) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the financial services provider’s stock after acquiring an additional 5,000 shares during the quarter. Harbor Advisors LLC’s holdings in Houlihan Lokey were worth $909,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in HLI. Advisor Group Inc. raised its position in Houlihan Lokey by 2,125.0% in the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,720 shares in the last quarter. ETRADE Capital Management LLC purchased a new position in Houlihan Lokey in the third quarter worth $250,000. Robeco Institutional Asset Management B.V. purchased a new position in Houlihan Lokey in the fourth quarter worth $261,000. California Public Employees Retirement System purchased a new position in Houlihan Lokey in the third quarter worth $356,000. Finally, Teacher Retirement System of Texas purchased a new position in Houlihan Lokey in the fourth quarter worth $409,000. Hedge funds and other institutional investors own 35.05% of the company’s stock.
Several research analysts have issued reports on the company. Bank of America increased their price objective on Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $49.00 price objective on shares of Houlihan Lokey in a research report on Friday, December 22nd. Finally, UBS Group increased their price objective on Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.50.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $240.98 million. During the same quarter last year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts forecast that Houlihan Lokey Inc will post 2.32 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio is currently 31.62%.
Houlihan Lokey 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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