Retirement Systems of Alabama Sells 103 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Retirement Systems of Alabama lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,528 shares of the financial services provider’s stock after selling 103 shares during the period. Retirement Systems of Alabama owned 0.09% of Houlihan Lokey worth $10,197,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its position in shares of Houlihan Lokey by 8.8% in the 2nd quarter. Raymond James & Associates now owns 156,012 shares of the financial services provider’s stock valued at $21,040,000 after buying an additional 12,588 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Houlihan Lokey by 27.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 162 shares during the last quarter. Fifth Third Bancorp increased its position in Houlihan Lokey by 1.3% during the 2nd quarter. Fifth Third Bancorp now owns 41,566 shares of the financial services provider’s stock valued at $5,606,000 after purchasing an additional 545 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Houlihan Lokey during the 2nd quarter worth approximately $206,000. Finally, &PARTNERS acquired a new position in shares of Houlihan Lokey in the 2nd quarter worth approximately $454,000. Institutional investors own 78.07% of the company’s stock.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.68% of the stock is currently owned by company insiders.

Houlihan Lokey Price Performance

HLI stock opened at $179.55 on Tuesday. The company’s 50-day moving average is $178.29 and its 200-day moving average is $157.26. The stock has a market capitalization of $12.48 billion, a PE ratio of 36.72 and a beta of 0.67. Houlihan Lokey, Inc. has a 1 year low of $112.17 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s payout ratio is currently 46.63%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HLI shares. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company raised their target price on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a research note on Thursday, December 12th. Finally, UBS Group boosted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $170.60.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.