Teachers Retirement System of The State of Kentucky Invests $1.43 Million in Houlihan Lokey, Inc. (NYSE:HLI)

Teachers Retirement System of The State of Kentucky purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,900 shares of the financial services provider’s stock, valued at approximately $1,427,000.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Houlihan Lokey by 56.1% in the third quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock worth $291,761,000 after buying an additional 978,776 shares during the last quarter. FMR LLC increased its holdings in shares of 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 purchasing an additional 620,182 shares in the last quarter. Norges Bank purchased a new stake in shares of Houlihan Lokey during the fourth quarter valued at $70,225,000. Capital International Investors raised its position in Houlihan Lokey by 56.7% in the 4th quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock worth $94,977,000 after buying an additional 286,746 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Houlihan Lokey by 39.1% during the 4th quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock valued at $83,128,000 after acquiring an additional 194,867 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 2.3 %

Houlihan Lokey stock opened at $129.79 on Monday. Houlihan Lokey, Inc. has a 52-week low of $92.51 and a 52-week high of $137.92. The company has a market cap of $8.90 billion, a P/E ratio of 31.58 and a beta of 0.65. The business has a 50-day simple moving average of $131.29 and a two-hundred day simple moving average of $126.19.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The company had revenue of $520.46 million during the quarter, compared to analyst estimates of $508.99 million. During the same period in the previous year, the business posted $1.11 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts anticipate that Houlihan Lokey, Inc. will post 5.72 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Monday, June 3rd were issued a $0.57 dividend. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date was Monday, June 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

Analysts Set New Price Targets

HLI has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.97% of the stock is owned by company 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.