Citadel Advisors LLC purchased a new position in Houlihan Lokey Inc (NYSE:HLI) in the fourth quarter, HoldingsChannel reports. The firm purchased 39,914 shares of the financial services provider’s stock, valued at approximately $1,813,000.
Several other large investors also recently modified their holdings of the company. California Public Employees Retirement System lifted its stake in shares of Houlihan Lokey by 12.1% in the 4th quarter. California Public Employees Retirement System now owns 10,205 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 1,100 shares during the period. American International Group Inc. lifted its stake in Houlihan Lokey by 8.8% during the fourth quarter. American International Group Inc. now owns 18,037 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 1,457 shares during the last quarter. Advisor Group Inc. lifted its stake in Houlihan Lokey by 2,125.0% during the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,720 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in Houlihan Lokey by 4.8% during the third quarter. OxFORD Asset Management LLP now owns 98,705 shares of the financial services provider’s stock valued at $3,856,000 after purchasing an additional 4,534 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Houlihan Lokey by 2.3% during the third quarter. Principal Financial Group Inc. now owns 211,600 shares of the financial services provider’s stock valued at $8,280,000 after purchasing an additional 4,700 shares during the last quarter. 39.03% of the stock is owned by institutional investors.
Shares of Houlihan Lokey Inc (NYSE:HLI) opened at $46.42 on Thursday. Houlihan Lokey Inc has a one year low of $31.37 and a one year high of $52.81. The company has a market cap of $3,069.30, a P/E ratio of 19.91, a P/E/G ratio of 1.11 and a beta of 0.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.72%. Houlihan Lokey’s dividend payout ratio is currently 31.62%.
HLI has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $49.00 target price on shares of Houlihan Lokey in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Friday, January 12th. Finally, Bank of America increased their target price on shares of Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.50.
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Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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