Koch Industries Inc. acquired a new stake in Houlihan Lokey Inc (NYSE:HLI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,743 shares of the financial services provider’s stock, valued at approximately $306,000.
Other institutional investors also recently made changes to their positions in the company. ORIX USA Corp purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at approximately $19,909,000. Ameriprise Financial Inc. raised its position in shares of Houlihan Lokey by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock valued at $29,884,000 after purchasing an additional 8,764 shares during the last quarter. Bowling Portfolio Management LLC raised its position in shares of Houlihan Lokey by 29.2% in the 4th quarter. Bowling Portfolio Management LLC now owns 47,042 shares of the financial services provider’s stock valued at $2,137,000 after purchasing an additional 10,643 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Houlihan Lokey in the 3rd quarter valued at approximately $1,287,000. Finally, Bank of New York Mellon Corp raised its position in shares of Houlihan Lokey by 11.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 153,154 shares of the financial services provider’s stock valued at $5,992,000 after purchasing an additional 15,395 shares during the last quarter. 40.66% of the stock is owned by hedge funds and other institutional investors.
Houlihan Lokey Inc (NYSE HLI) opened at $47.44 on Wednesday. Houlihan Lokey Inc has a 1 year low of $31.88 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market cap of $3,187.23, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.50.
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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio is presently 31.62%.
Several equities analysts recently commented on the stock. Bank of America increased their price objective on shares of Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of 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 reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Houlihan Lokey in a research report on Friday, December 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.50.
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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