Calamos Advisors LLC acquired a new stake in Houlihan Lokey Inc (NYSE:HLI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,000 shares of the financial services provider’s stock, valued at approximately $504,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC grew its holdings in Houlihan Lokey by 253.2% in the 4th quarter. Advisory Services Network LLC now owns 1,939 shares of the financial services provider’s stock valued at $71,000 after buying an additional 1,390 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Houlihan Lokey by 112.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,109 shares of the financial services provider’s stock valued at $78,000 after buying an additional 1,114 shares in the last quarter. Group One Trading L.P. purchased a new stake in Houlihan Lokey in the 4th quarter valued at $92,000. Advisor Group Inc. grew its holdings in Houlihan Lokey by 41.8% in the 4th quarter. Advisor Group Inc. now owns 4,094 shares of the financial services provider’s stock valued at $151,000 after buying an additional 1,207 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Houlihan Lokey in the 4th quarter valued at $166,000. 52.59% of the stock is owned by hedge funds and other institutional investors.
HLI has been the subject of several analyst reports. Bank of America upgraded Houlihan Lokey from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $47.00 in a report on Wednesday, January 9th. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Wednesday, December 19th. Goldman Sachs Group upgraded Houlihan Lokey from a “neutral” rating to a “buy” rating and upped their target price for the company from $44.00 to $52.00 in a report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 target price on shares of Houlihan Lokey in a report on Friday, January 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Houlihan Lokey presently has an average rating of “Buy” and a consensus target price of $51.71.
NYSE HLI opened at $47.72 on Wednesday. The firm has a market cap of $3.04 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.95 and a quick ratio of 0.95. Houlihan Lokey Inc has a twelve month low of $34.31 and a twelve month high of $53.20.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The business had revenue of $298.01 million during the quarter, compared to analysts’ expectations of $250.82 million. Houlihan Lokey had a return on equity of 21.01% and a net margin of 14.63%. As a group, equities analysts expect that Houlihan Lokey Inc will post 2.68 earnings per share for the current year.
In other news, CFO J Lindsey Alley sold 8,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $44.27, for a total transaction of $354,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $44.08, for a total value of $44,080.00. The disclosure for this sale can be found here. Corporate insiders own 80.50% of the company’s stock.
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About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and 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, as well as financial sponsors on various transactions.
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