Bamco Inc. NY Acquires Shares of 363,850 Houlihan Lokey (HLI)

Bamco Inc. NY bought a new stake in Houlihan Lokey (NYSE:HLI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 363,850 shares of the financial services provider’s stock, valued at approximately $16,530,000. Bamco Inc. NY owned about 0.55% of Houlihan Lokey at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Houlihan Lokey by 7.9% in the fourth quarter. BlackRock Inc. now owns 2,066,583 shares of the financial services provider’s stock valued at $93,884,000 after acquiring an additional 151,682 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Houlihan Lokey by 2.4% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,208,454 shares of the financial services provider’s stock worth $54,900,000 after buying an additional 27,987 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Houlihan Lokey by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock worth $29,884,000 after buying an additional 8,764 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Houlihan Lokey by 0.5% during the 4th quarter. Allianz Asset Management GmbH now owns 664,394 shares of the financial services provider’s stock worth $30,183,000 after buying an additional 3,217 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Houlihan Lokey by 8.7% during the third quarter. Macquarie Group Ltd. now owns 579,431 shares of the financial services provider’s stock worth $22,673,000 after purchasing an additional 46,151 shares during the period. Institutional investors and hedge funds own 40.66% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.00 price target on shares of Houlihan Lokey in a research report on Friday, December 22nd. Finally, Bank of America increased their price target on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Houlihan Lokey currently has an average rating of “Buy” and an average target price of $47.50.

In related news, CEO Scott L. Beiser sold 14,434 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $46.75, for a total transaction of $674,789.50. Following the transaction, the chief executive officer now directly owns 14,434 shares of the company’s stock, valued at approximately $674,789.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 4,599 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $46.75, for a total value of $215,003.25. Following the completion of the transaction, the general counsel now directly owns 4,599 shares in the company, valued at $215,003.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,042 shares of company stock valued at $3,554,964. Corporate insiders own 69.70% of the company’s stock.

Shares of HLI stock traded down $0.95 on Monday, hitting $43.65. 248,532 shares of the stock were exchanged, compared to its average volume of 291,704. Houlihan Lokey has a one year low of $32.08 and a one year high of $52.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $2,938.20, a price-to-earnings ratio of 23.60, a PEG ratio of 1.07 and a beta of 0.57.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. The business had revenue of $258.90 million during the quarter, compared to the consensus estimate of $240.98 million. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 EPS. equities analysts predict that Houlihan Lokey will post 2.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 42.33%.

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About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.

Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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