Schwab Charles Investment Management Inc. increased its stake in Houlihan Lokey Inc (NYSE:HLI) by 157.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,570 shares of the financial services provider’s stock after acquiring an additional 73,670 shares during the period. Schwab Charles Investment Management Inc. owned about 0.18% of Houlihan Lokey worth $4,718,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its stake in shares of Houlihan Lokey by 2,125.0% in the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 2,720 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $105,000. Tower Research Capital LLC TRC lifted its stake in shares of Houlihan Lokey by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 2,371 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Houlihan Lokey by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 570 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Houlihan Lokey by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 808 shares during the last quarter. 35.20% of the stock is owned by institutional investors.
Houlihan Lokey Inc (NYSE:HLI) traded down $0.95 on Friday, reaching $47.34. The company’s stock had a trading volume of 201,392 shares, compared to its average volume of 230,378. The company has a market cap of $3,141.47 and a price-to-earnings ratio of 18.71. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.92. Houlihan Lokey Inc has a fifty-two week low of $29.51 and a fifty-two week high of $52.81.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.69%. Houlihan Lokey’s dividend payout ratio (DPR) is 31.62%.
A number of equities research analysts have recently weighed in on HLI shares. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a research note on Thursday, October 12th. UBS Group upped their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $52.00 price target on shares of Houlihan Lokey in a research report on Thursday, January 11th. Finally, Bank of America upped their price target on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.50.
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Houlihan Lokey Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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