GSA Capital Partners LLP Acquires 1,691 Shares of Houlihan Lokey, Inc. (HLI)
GSA Capital Partners LLP grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,601 shares of the financial services provider’s stock after purchasing an additional 1,691 shares during the quarter. GSA Capital Partners LLP owned 0.21% of Houlihan Lokey worth $1,731,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Houlihan Lokey in the second quarter valued at approximately $105,000. Victory Capital Management Inc. boosted its stake in shares of Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 381 shares during the period. Legal & General Group Plc boosted its stake in shares of Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,270 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of Houlihan Lokey in the first quarter valued at approximately $182,000. Finally, Jane Street Group LLC purchased a new position in shares of Houlihan Lokey in the first quarter valued at approximately $205,000. 32.17% of the stock is owned by institutional investors and hedge funds.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 69.70% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on HLI. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. J P Morgan Chase & Co began coverage on shares of Houlihan Lokey in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 price objective for the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a research note on Sunday, August 27th. BidaskClub raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Houlihan Lokey has an average rating of “Buy” and an average price target of $39.83.
Houlihan Lokey, Inc. (HLI) opened at 38.07 on Friday. Houlihan Lokey, Inc. has a 52 week low of $23.19 and a 52 week high of $39.68. The stock has a market cap of $2.55 billion, a P/E ratio of 19.74 and a beta of 0.34. The company has a 50-day moving average of $36.00 and a 200-day moving average of $34.74.
Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. The firm had revenue of $217.00 million during the quarter, compared to the consensus estimate of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts predict that Houlihan Lokey, Inc. will post $2.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Wednesday, August 30th. Houlihan Lokey’s dividend payout ratio (DPR) is presently 41.67%.
About Houlihan Lokey
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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