Retirement Systems of Alabama Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Retirement Systems of Alabama lifted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 65,156 shares of the financial services provider’s stock after purchasing an additional 628 shares during the period. Retirement Systems of Alabama owned about 0.09% of Houlihan Lokey worth $11,315,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HLI. Financial Life Planners bought a new stake in Houlihan Lokey in the 4th quarter worth $33,000. Wolff Wiese Magana LLC purchased a new stake in shares of Houlihan Lokey during the third quarter worth about $38,000. First Horizon Advisors Inc. grew its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the last quarter. Quarry LP purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $76,000. Finally, Quest Partners LLC purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $92,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Price Performance

NYSE:HLI opened at $185.04 on Friday. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The company has a market capitalization of $12.86 billion, a PE ratio of 35.31 and a beta of 0.69. The firm’s 50-day moving average price is $178.22 and its 200-day moving average price is $168.33.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.91 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

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.