5,575 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,575 shares of the financial services provider’s stock, valued at approximately $668,000.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Houlihan Lokey by 22.9% during the 4th quarter. Blue Trust Inc. now owns 2,516 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 468 shares during the last quarter. Planned Solutions Inc. acquired a new position in Houlihan Lokey during the 4th quarter valued at $87,000. Assenagon Asset Management S.A. acquired a new position in Houlihan Lokey during the 4th quarter valued at $1,358,000. Sendero Wealth Management LLC raised its stake in Houlihan Lokey by 9.9% during the 4th quarter. Sendero Wealth Management LLC now owns 5,822 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 525 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in Houlihan Lokey during the 4th quarter valued at $929,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HLI has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a research note on Monday, January 29th. UBS Group increased their price objective on shares of Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $127.17 on Friday. Houlihan Lokey, Inc. has a 52-week low of $84.89 and a 52-week high of $133.80. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 31.55 and a beta of 0.68. The firm has a fifty day moving average of $127.29 and a 200-day moving average of $116.65.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $493.02 million. During the same quarter in the prior year, the company posted $1.14 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Houlihan Lokey, Inc. will post 4.36 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, February 29th. Houlihan Lokey’s dividend payout ratio (DPR) is currently 54.59%.

Insider Buying and Selling

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.97% of the stock is currently owned by corporate insiders.

About Houlihan Lokey

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.