Martingale Asset Management L P bought a new stake in shares of Houlihan Lokey Inc (NYSE:HLI) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 6,800 shares of the financial services provider’s stock, valued at approximately $309,000.
A number of other large investors have also made changes to their positions in HLI. Advisor Group Inc. increased its position in Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,720 shares in the last quarter. ETRADE Capital Management LLC acquired a new position in Houlihan Lokey during the 3rd quarter valued at about $250,000. Robeco Institutional Asset Management B.V. acquired a new position in Houlihan Lokey during the 4th quarter valued at about $261,000. California Public Employees Retirement System acquired a new position in Houlihan Lokey during the 3rd quarter valued at about $356,000. Finally, Teacher Retirement System of Texas acquired a new position in Houlihan Lokey during the 4th quarter valued at about $409,000. 40.55% of the stock is currently owned by institutional investors.
Houlihan Lokey Inc (NYSE:HLI) opened at $48.17 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3,173.39, a PE ratio of 20.59, a PEG ratio of 1.15 and a beta of 0.50. Houlihan Lokey Inc has a 1-year low of $31.88 and a 1-year high of $52.81.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio is presently 31.62%.
Several research analysts recently issued reports on HLI shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.00 target price on shares of Houlihan Lokey in a research report on Friday, December 22nd. Zacks Investment Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Bank of America increased their price objective on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $47.50.
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About Houlihan Lokey
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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