Houlihan Lokey Inc (HLI) Holding Boosted by Russell Investments Group Ltd.

Houlihan Lokey Inc (HLI) Holding Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 55.3% during the first quarter, Holdings Channel reports. The fund owned 134,513 shares of the financial services provider’s stock after buying an additional 47,918 shares during the period. Russell Investments Group Ltd.’s holdings in Houlihan Lokey were worth $4,634,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HLI. Burgundy Asset Management Ltd. boosted its position in Houlihan Lokey by 1.9% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,385,494 shares of the financial services provider’s stock worth $43,117,000 after buying an additional 25,941 shares during the last quarter. Royce & Associates LP boosted its position in Houlihan Lokey by 296.3% in the fourth quarter. Royce & Associates LP now owns 1,233,847 shares of the financial services provider’s stock worth $38,397,000 after buying an additional 922,500 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Houlihan Lokey by 10.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 533,050 shares of the financial services provider’s stock worth $16,589,000 after buying an additional 51,450 shares during the last quarter. Macquarie Group Ltd. boosted its position in Houlihan Lokey by 7.5% in the fourth quarter. Macquarie Group Ltd. now owns 523,031 shares of the financial services provider’s stock worth $16,277,000 after buying an additional 36,697 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Houlihan Lokey by 574.5% in the fourth quarter. Renaissance Technologies LLC now owns 192,900 shares of the financial services provider’s stock worth $6,003,000 after buying an additional 164,300 shares during the last quarter. Institutional investors own 97.74% of the company’s stock.

Shares of Houlihan Lokey Inc (HLI) opened at 34.51 on Friday. Houlihan Lokey Inc has a 12 month low of $20.96 and a 12 month high of $36.65. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.17 and a beta of 0.38. The firm’s 50-day moving average price is $33.81 and its 200-day moving average price is $31.87.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.14. Houlihan Lokey had a return on equity of 16.62% and a net margin of 12.15%. The firm had revenue of $257.10 million during the quarter, compared to the consensus estimate of $207.02 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. Equities research analysts expect that Houlihan Lokey Inc will post $1.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, June 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.32%. Houlihan Lokey’s dividend payout ratio is currently 46.58%.

HLI has been the subject of a number of recent analyst reports. Zacks Investment Research cut Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Bank of America Corp cut Houlihan Lokey from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $36.00 to $38.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Finally, JMP Securities restated an “outperform” rating and set a $36.00 price objective (up previously from $34.00) on shares of Houlihan Lokey in a report on Friday, April 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.50.

In related news, insider David A. Preiser sold 6,711 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $29.05, for a total transaction of $194,954.55. Following the completion of the transaction, the insider now directly owns 6,711 shares in the company, valued at approximately $194,954.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 60.40% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HLI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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