ETRADE Capital Management LLC increased its holdings in Houlihan Lokey Inc (NYSE:HLI) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,906 shares of the financial services provider’s stock after buying an additional 1,512 shares during the quarter. ETRADE Capital Management LLC’s holdings in Houlihan Lokey were worth $359,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. ORIX USA Corp purchased a new position in Houlihan Lokey during the fourth quarter valued at approximately $19,909,000. James Investment Research Inc. lifted its holdings in Houlihan Lokey by 313.3% during the fourth quarter. James Investment Research Inc. now owns 329,987 shares of the financial services provider’s stock valued at $14,992,000 after purchasing an additional 250,142 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Houlihan Lokey by 108.3% during the third quarter. Dimensional Fund Advisors LP now owns 329,233 shares of the financial services provider’s stock valued at $12,883,000 after purchasing an additional 171,153 shares in the last quarter. BlackRock Inc. lifted its holdings in Houlihan Lokey by 7.9% during the fourth quarter. BlackRock Inc. now owns 2,066,583 shares of the financial services provider’s stock valued at $93,884,000 after purchasing an additional 151,682 shares in the last quarter. Finally, Dean Investment Associates LLC purchased a new position in Houlihan Lokey during the third quarter valued at approximately $5,778,000. 40.66% of the stock is currently owned by institutional investors.
Houlihan Lokey Inc (NYSE HLI) opened at $47.44 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01. Houlihan Lokey Inc has a 1-year low of $31.88 and a 1-year high of $52.81. The firm has a market cap of $3,187.23, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 1.16 and a beta of 0.50.
The business also recently announced 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 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.
Several equities analysts have weighed in on HLI shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.00 price target on shares of Houlihan Lokey in a report 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 price target on the stock in a report on Friday, January 12th. Finally, Bank of America lifted their price target on shares of 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 given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.50.
TRADEMARK VIOLATION NOTICE: “ETRADE Capital Management LLC Boosts Position in Houlihan Lokey Inc (HLI)” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3261403/etrade-capital-management-llc-boosts-position-in-houlihan-lokey-inc-hli.html.
Houlihan Lokey 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.
Want to see what other hedge funds are holding HLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houlihan Lokey Inc (NYSE:HLI).
Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.