Pacer Advisors Inc. Invests $929,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Pacer Advisors Inc. bought a new position in Houlihan Lokey, Inc. (NYSE:HLIFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 7,748 shares of the financial services provider’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HLI. Moneta Group Investment Advisors LLC boosted its position in shares of Houlihan Lokey by 113,571.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,157,263 shares of the financial services provider’s stock worth $449,507,000 after purchasing an additional 5,152,726 shares during the period. Wellington Management Group LLP lifted its stake in shares of Houlihan Lokey by 56.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock valued at $291,761,000 after buying an additional 978,776 shares in the last quarter. FMR LLC boosted its holdings in Houlihan Lokey by 69.9% in the 3rd quarter. FMR LLC now owns 1,507,610 shares of the financial services provider’s stock worth $161,495,000 after buying an additional 620,182 shares during the period. Morgan Stanley increased its stake in Houlihan Lokey by 127.6% in the 4th quarter. Morgan Stanley now owns 931,264 shares of the financial services provider’s stock worth $81,169,000 after buying an additional 522,178 shares in the last quarter. Finally, Norges Bank bought a new stake in Houlihan Lokey during the fourth quarter valued at about $43,734,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 25.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HLI. UBS Group boosted their price target on Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a research report on Monday, January 29th.

Get Our Latest Analysis on HLI

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $128.35 on Wednesday. The firm has a market capitalization of $8.87 billion, a PE ratio of 31.85 and a beta of 0.68. The business has a 50 day simple moving average of $126.17 and a two-hundred day simple moving average of $115.71. Houlihan Lokey, Inc. has a 1 year low of $83.92 and a 1 year high of $133.80.

Houlihan Lokey (NYSE:HLIGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million for the quarter, compared to the consensus estimate of $493.02 million. During the same quarter last year, the firm posted $1.14 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts expect that Houlihan Lokey, Inc. will post 4.36 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, February 29th. Houlihan Lokey’s payout ratio is 54.59%.

Houlihan Lokey Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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