New York State Teachers Retirement System Invests $1.58 Million in Houlihan Lokey, Inc. (NYSE:HLI)

New York State Teachers Retirement System acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 13,151 shares of the financial services provider’s stock, valued at approximately $1,577,000.

Several other large investors have also recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its holdings in shares of Houlihan Lokey by 16.9% in the 3rd quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 109 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Houlihan Lokey by 2.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,845 shares of the financial services provider’s stock worth $476,000 after buying an additional 133 shares in the last quarter. Steph & Co. lifted its holdings in Houlihan Lokey by 4.5% during the 3rd quarter. Steph & Co. now owns 3,098 shares of the financial services provider’s stock worth $332,000 after buying an additional 134 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Houlihan Lokey by 5.7% during the 3rd quarter. Captrust Financial Advisors now owns 2,823 shares of the financial services provider’s stock worth $213,000 after buying an additional 152 shares in the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in Houlihan Lokey by 2.2% during the 3rd quarter. Integrated Investment Consultants LLC now owns 7,840 shares of the financial services provider’s stock worth $840,000 after buying an additional 171 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Trading Up 0.2 %

Shares of NYSE:HLI opened at $124.15 on Wednesday. Houlihan Lokey, Inc. has a 52 week low of $84.89 and a 52 week high of $133.80. The company’s 50 day moving average is $127.25 and its two-hundred day moving average is $117.15. The company has a market cap of $8.58 billion, a PE ratio of 30.81 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 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 for the quarter, compared to the consensus estimate of $493.02 million. During the same period in the prior year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 4.42 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Thursday, February 29th. Houlihan Lokey’s dividend payout ratio (DPR) is 54.59%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HLI shares. UBS Group increased their target price on shares of 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 reiterated a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a report on Monday, January 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 25.97% of the company’s stock.

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.