Public Employees Retirement System of Ohio Invests $2.81 Million in Houlihan Lokey, Inc. $HLI

Public Employees Retirement System of Ohio acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,986 shares of the financial services provider’s stock, valued at approximately $2,815,000.

Other institutional investors have also recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in Houlihan Lokey during the 4th quarter valued at about $32,000. Eurizon Capital SGR S.p.A. acquired a new stake in Houlihan Lokey in the fourth quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Houlihan Lokey by 103.4% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 120 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new position in shares of Houlihan Lokey during the second quarter valued at about $39,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Houlihan Lokey by 177.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group decreased their price target on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Bank of America started coverage on shares of Houlihan Lokey in a research note on Friday, July 10th. They set a “buy” rating and a $164.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Houlihan Lokey in a report on Friday, July 17th. Finally, Wolfe Research raised Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $166.38.

Houlihan Lokey Stock Up 0.1%

Shares of NYSE HLI opened at $137.05 on Friday. Houlihan Lokey, Inc. has a 52 week low of $112.83 and a 52 week high of $211.78. The business’s 50 day moving average price is $133.63 and its 200 day moving average price is $143.70. The firm has a market cap of $9.46 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.58 and a beta of 0.96.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.29). The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.14 earnings per share. As a group, research analysts expect that Houlihan Lokey, Inc. will post 6.93 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. Houlihan Lokey’s payout ratio is currently 47.06%.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.