Alberta Investment Management Corp Reduces Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Alberta Investment Management Corp decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 53.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,123 shares of the financial services provider’s stock after selling 3,605 shares during the quarter. Alberta Investment Management Corp’s holdings in Houlihan Lokey were worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLI. Financial Life Planners purchased a new stake in Houlihan Lokey in the fourth quarter worth $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey in the fourth quarter worth $53,000. First Horizon Advisors Inc. lifted its stake in 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 acquiring an additional 198 shares during the period. Quarry LP purchased a new stake in Houlihan Lokey in the third quarter worth $76,000. Finally, Quest Partners LLC purchased a new position in Houlihan Lokey during the third quarter valued at $92,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on HLI shares. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. UBS Group raised their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley raised their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Price Performance

HLI opened at $171.07 on Friday. The stock has a 50-day moving average price of $177.48 and a 200-day moving average price of $170.69. The firm has a market cap of $12.00 billion, a PE ratio of 32.65 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.33%. 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.