American Century Companies Inc. grew its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,565 shares of the financial services provider’s stock after purchasing an additional 9,008 shares during the quarter. American Century Companies Inc. owned approximately 0.29% of Houlihan Lokey worth $7,496,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. American International Group Inc. lifted its stake in shares of Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock worth $259,000 after acquiring an additional 497 shares during the period. Teachers Advisors LLC lifted its stake in shares of Houlihan Lokey by 126.6% in the first quarter. Teachers Advisors LLC now owns 57,201 shares of the financial services provider’s stock worth $1,971,000 after acquiring an additional 31,959 shares during the period. Legal & General Group Plc lifted its stake in shares of Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,270 shares during the period. Vanguard Group Inc. lifted its stake in shares of Houlihan Lokey by 75.5% in the first quarter. Vanguard Group Inc. now owns 1,603,729 shares of the financial services provider’s stock worth $55,249,000 after acquiring an additional 690,029 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Houlihan Lokey by 157.3% in the first quarter. Geode Capital Management LLC now owns 250,638 shares of the financial services provider’s stock worth $8,634,000 after acquiring an additional 153,218 shares during the period. 34.63% of the stock is currently owned by hedge funds and other institutional investors.
HLI has been the topic of several recent analyst reports. BidaskClub lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. TheStreet raised Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods restated a “buy” rating and set a $40.00 price objective on shares of Houlihan Lokey in a report on Sunday, August 27th. J P Morgan Chase & Co initiated coverage on Houlihan Lokey in a report on Tuesday, September 12th. They set an “overweight” rating and a $42.00 price objective for the company. Finally, ValuEngine upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Houlihan Lokey has an average rating of “Buy” and an average target price of $42.33.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. research analysts forecast that Houlihan Lokey, Inc. will post 2.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. Houlihan Lokey’s dividend payout ratio (DPR) is 37.91%.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 125,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $5,203,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider J Lindsey Alley sold 973 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $40,505.99. Following the completion of the transaction, the insider now owns 973 shares in the company, valued at $40,505.99. The disclosure for this sale can be found here. Insiders have sold a total of 2,807,387 shares of company stock worth $113,183,620 in the last three months. 69.70% of the stock is currently owned by insiders.
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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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