Advisory Services Network LLC lifted its stake in Houlihan Lokey Inc (NYSE:HLI) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,404 shares of the financial services provider’s stock after purchasing an additional 465 shares during the quarter. Advisory Services Network LLC’s holdings in Houlihan Lokey were worth $110,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. ORIX Corp USA raised its position in shares of Houlihan Lokey by 574.0% in the 1st quarter. ORIX Corp USA now owns 4,109,721 shares of the financial services provider’s stock worth $188,431,000 after acquiring an additional 3,500,000 shares in the last quarter. BlackRock Inc. raised its position in shares of Houlihan Lokey by 1.5% in the 4th quarter. BlackRock Inc. now owns 2,398,424 shares of the financial services provider’s stock worth $88,262,000 after acquiring an additional 34,926 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Houlihan Lokey by 20.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,231,085 shares of the financial services provider’s stock worth $102,296,000 after acquiring an additional 377,933 shares in the last quarter. Royce & Associates LP raised its position in shares of Houlihan Lokey by 31.3% in the 4th quarter. Royce & Associates LP now owns 952,680 shares of the financial services provider’s stock worth $35,059,000 after acquiring an additional 226,952 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of Houlihan Lokey by 3.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 859,131 shares of the financial services provider’s stock worth $39,391,000 after acquiring an additional 26,742 shares in the last quarter. Hedge funds and other institutional investors own 58.05% of the company’s stock.
Houlihan Lokey stock traded up $0.07 during mid-day trading on Thursday, hitting $43.75. The company’s stock had a trading volume of 165,359 shares, compared to its average volume of 246,030. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.16 and a beta of 0.96. Houlihan Lokey Inc has a 1 year low of $34.31 and a 1 year high of $53.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $44.93.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 3,000,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $45.52, for a total value of $136,560,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 80.50% of the stock is currently owned by company insiders.
Several research analysts recently weighed in on HLI shares. JMP Securities dropped their target price on BioCryst Pharmaceuticals from $18.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. ValuEngine cut Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Buckingham Research reduced their target price on PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Finally, Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Houlihan Lokey currently has a consensus rating of “Buy” and a consensus target price of $50.08.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.
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