Ellington Management Group LLC purchased a new position in shares of Houlihan Lokey Inc (NYSE:HLI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,200 shares of the financial services provider’s stock, valued at approximately $600,000.
Several other large investors have also recently made changes to their positions in HLI. Advisor Group Inc. raised its position 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 worth $112,000 after purchasing an additional 2,720 shares during the last quarter. AMP Capital Investors Ltd acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $245,000. ETRADE Capital Management LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $250,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $261,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $297,000. 40.66% of the stock is currently owned by institutional investors and hedge funds.
Houlihan Lokey Inc (NYSE:HLI) opened at $47.44 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. Houlihan Lokey Inc has a 12-month low of $31.88 and a 12-month high of $52.81. The stock has a market capitalization of $3,187.23, a P/E ratio of 18.75, a P/E/G ratio of 1.16 and a beta of 0.50.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $258.90 million during the quarter, compared to the consensus estimate of $240.98 million. During the same period in the previous year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. analysts predict that Houlihan Lokey Inc will post 2.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.80 annualized dividend and a yield of 1.69%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.
Several research analysts recently issued reports on the company. Bank of America lifted 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. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $52.00 price objective on shares of Houlihan Lokey in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.50.
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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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