Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by New York State Common Retirement Fund

Posted by Defense World Staff on Apr 14th, 2023

New York State Common Retirement Fund reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,267 shares of the financial services provider’s stock after selling 2,509 shares during the period. New York State Common Retirement Fund owned about 0.64% of Houlihan Lokey worth $38,199,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Houlihan Lokey by 2.3% during the 3rd quarter. BlackRock Inc. now owns 3,808,002 shares of the financial services provider’s stock worth $287,046,000 after acquiring an additional 85,020 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Houlihan Lokey by 4.4% in the 3rd quarter. First Trust Advisors LP now owns 901,547 shares of the financial services provider’s stock valued at $67,959,000 after buying an additional 37,742 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Houlihan Lokey by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 841,540 shares of the financial services provider’s stock valued at $63,437,000 after buying an additional 21,946 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Houlihan Lokey by 110.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 738,261 shares of the financial services provider’s stock valued at $55,650,000 after buying an additional 387,692 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Houlihan Lokey by 4.7% in the 3rd quarter. Nordea Investment Management AB now owns 571,043 shares of the financial services provider’s stock valued at $43,873,000 after buying an additional 25,512 shares during the period. 70.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Houlihan Lokey from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Tuesday, January 3rd. StockNews.com assumed coverage on shares of Houlihan Lokey in a report on Thursday, March 16th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $89.60.

Houlihan Lokey Stock Up 1.4 %

Houlihan Lokey stock opened at $88.22 on Friday. The firm has a 50-day moving average price of $92.31 and a two-hundred day moving average price of $91.14. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 23.40 and a beta of 0.76. Houlihan Lokey, Inc. has a 52-week low of $74.18 and a 52-week high of $102.36.

Houlihan Lokey (NYSE:HLI – Get Rating) last posted its earnings results on Tuesday, January 31st. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $456.50 million during the quarter, compared to analyst estimates of $470.81 million. Houlihan Lokey had a net margin of 14.15% and a return on equity of 22.28%. Houlihan Lokey’s revenue was down 48.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.90 EPS. Research analysts expect that Houlihan Lokey, Inc. will post 4.56 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Thursday, March 2nd were given a dividend of $0.53 per share. The ex-dividend date was Wednesday, March 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.40%. Houlihan Lokey’s dividend payout ratio (DPR) is 56.23%.

Houlihan Lokey Profile

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Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.