Dean Investment Associates LLC Sells 81,050 Shares of Houlihan Lokey Inc (HLI)
Dean Investment Associates LLC reduced its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 54.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 66,600 shares of the financial services provider’s stock after selling 81,050 shares during the quarter. Dean Investment Associates LLC’s holdings in Houlihan Lokey were worth $3,026,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in shares of Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,720 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Houlihan Lokey by 122.9% during 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 purchasing an additional 2,371 shares during the period. Legal & General Group Plc grew its stake in shares of Houlihan Lokey by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 570 shares during the period. ETRADE Capital Management LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter valued at about $250,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $261,000. Institutional investors and hedge funds own 35.21% of the company’s stock.
Houlihan Lokey Inc (NYSE:HLI) opened at $47.05 on Thursday. The stock has a market capitalization of $3,010.42, a P/E ratio of 19.53, a P/E/G ratio of 1.09 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.92 and a current ratio of 0.92. Houlihan Lokey Inc has a 52 week low of $29.51 and a 52 week high of $52.81.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be issued a $0.20 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.70%. Houlihan Lokey’s dividend payout ratio is presently 31.62%.
A number of research analysts recently issued reports on HLI shares. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $52.00 price objective on shares of Houlihan Lokey in a research note on Thursday, January 11th. UBS Group boosted their price objective on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Bank of America boosted their price objective on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Houlihan Lokey presently has an average rating of “Buy” and an average price target 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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