Public Employees Retirement Association of Colorado Has $23.69 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Public Employees Retirement Association of Colorado lessened its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,646 shares of the financial services provider’s stock after selling 285 shares during the period. Public Employees Retirement Association of Colorado owned about 0.26% of Houlihan Lokey worth $23,688,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of HLI. Norges Bank acquired a new position in Houlihan Lokey during the fourth quarter worth $70,225,000. Capital International Investors increased its stake in shares of Houlihan Lokey by 56.7% during the 4th quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock worth $94,977,000 after purchasing an additional 286,746 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Houlihan Lokey by 39.1% in the 4th quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock valued at $83,128,000 after purchasing an additional 194,867 shares during the period. Jennison Associates LLC raised its holdings in shares of Houlihan Lokey by 87.2% in the 1st quarter. Jennison Associates LLC now owns 347,165 shares of the financial services provider’s stock valued at $44,503,000 after purchasing an additional 161,753 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Houlihan Lokey by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider’s stock valued at $608,459,000 after purchasing an additional 143,560 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLI has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group boosted their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company initiated coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $149.60.

Houlihan Lokey Trading Up 1.2 %

NYSE:HLI opened at $160.20 on Friday. The stock has a 50 day simple moving average of $150.66 and a 200 day simple moving average of $137.41. The stock has a market cap of $10.99 billion, a P/E ratio of 38.98 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $160.89.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. Houlihan Lokey’s quarterly revenue was up 23.6% on a year-over-year basis. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.42%. Houlihan Lokey’s payout ratio is presently 55.47%.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,619 shares of company stock valued at $2,818,759. 25.97% of the stock is currently owned by company insiders.

Houlihan Lokey Company 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.