Alberta Investment Management Corp Sells 3,605 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Alberta Investment Management Corp trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 53.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,123 shares of the financial services provider’s stock after selling 3,605 shares during the quarter. Alberta Investment Management Corp’s holdings in Houlihan Lokey were worth $542,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after buying an additional 6,483 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares during the period. State Street Corp grew its stake in shares of Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after purchasing an additional 21,106 shares during the period. Gunderson Capital Management Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $5,133,000. Finally, Assetmark Inc. grew its stake in shares of Houlihan Lokey by 2,482.4% during the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 9,433 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Trading Down 2.7 %

Shares of NYSE:HLI opened at $171.07 on Friday. The stock has a 50 day moving average of $177.48 and a 200 day moving average of $170.69. The company has a market cap of $12.00 billion, a PE ratio of 32.65 and a beta of 0.69. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.33%. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HLI shares. Wells Fargo & Company boosted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley boosted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $194.40.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.