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

Janney Montgomery Scott LLC raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLIGet Rating) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,781 shares of the financial services provider’s stock after buying an additional 139 shares during the period. Janney Montgomery Scott LLC’s holdings in Houlihan Lokey were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp increased its holdings in Houlihan Lokey by 49.2% during the third quarter. Fifth Third Bancorp now owns 36,382 shares of the financial services provider’s stock valued at $2,742,000 after buying an additional 11,994 shares during the last quarter. Raymond James & Associates increased its holdings in Houlihan Lokey by 32.2% during the third quarter. Raymond James & Associates now owns 70,591 shares of the financial services provider’s stock valued at $5,321,000 after buying an additional 17,211 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in Houlihan Lokey by 28.2% during the third quarter. Ronald Blue Trust Inc. now owns 2,080 shares of the financial services provider’s stock valued at $164,000 after buying an additional 458 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Houlihan Lokey by 8.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 13,579 shares of the financial services provider’s stock worth $1,024,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Houlihan Lokey by 5.4% in the third quarter. Whittier Trust Co. now owns 26,232 shares of the financial services provider’s stock worth $1,977,000 after purchasing an additional 1,349 shares in the last quarter. 70.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $99.53, for a total transaction of $497,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Houlihan Lokey news, CEO Scott L. Beiser sold 16,367 shares of the stock in a transaction on Monday, November 7th. The shares were sold at an average price of $93.28, for a total transaction of $1,526,713.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $99.53, for a total transaction of $497,650.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,182 shares of company stock valued at $2,104,658. Corporate insiders own 27.90% of the company’s stock.

Houlihan Lokey Stock Performance

HLI opened at $96.95 on Wednesday. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 17.92 and a beta of 0.75. The company has a fifty day moving average of $94.10 and a 200 day moving average of $86.67. Houlihan Lokey, Inc. has a fifty-two week low of $74.18 and a fifty-two week high of $115.21.

Houlihan Lokey (NYSE:HLIGet Rating) last posted its earnings results on Thursday, October 27th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.15. The company had revenue of $489.54 million during the quarter, compared to analysts’ expectations of $427.32 million. Houlihan Lokey had a net margin of 16.33% and a return on equity of 30.44%. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 4.57 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, December 2nd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.19%. Houlihan Lokey’s payout ratio is 39.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HLI. StockNews.com began coverage on shares of Houlihan Lokey in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday, October 31st. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Houlihan Lokey from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $89.60.

Houlihan Lokey Company Profile

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Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.

See Also

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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