Janney Montgomery Scott LLC Increases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Janney Montgomery Scott LLC raised its position in Houlihan Lokey, Inc. (NYSE:HLI) by 110.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,955 shares of the financial services provider’s stock after purchasing an additional 2,606 shares during the period. Janney Montgomery Scott LLC’s holdings in Houlihan Lokey were worth $783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in Houlihan Lokey in the 2nd quarter valued at about $26,000. Crewe Advisors LLC increased its holdings in shares of Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Houlihan Lokey in the second quarter valued at approximately $38,000. Wolff Wiese Magana LLC acquired a new position in Houlihan Lokey during the third quarter worth $38,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Houlihan Lokey by 69.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 277 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock valued at $249,860 in the last quarter. Corporate insiders own 23.68% of the company’s stock.

Houlihan Lokey Stock Up 0.0 %

Shares of NYSE HLI opened at $184.12 on Monday. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 37.65 and a beta of 0.65. The stock’s fifty day simple moving average is $166.88 and its 200 day simple moving average is $149.81. Houlihan Lokey, Inc. has a 52-week low of $102.29 and a 52-week high of $190.66.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 earnings per share. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.24%. Houlihan Lokey’s payout ratio is 46.63%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley upped their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Wells Fargo & Company started coverage on Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, UBS Group increased their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $157.00.

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.