Houlihan Lokey, Inc. $HLI Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC sold 95.5% of its shares in Houlihan Lokey, reducing its holdings to 4,072 shares valued at approximately $733,000.
• Insiders, including Chairman Irwin Gold and Paul Eric Siegert, sold a total of 47,311 shares worth about $9.5 million over the last 90 days.
• Houlihan Lokey recently declared a quarterly dividend of $0.60 per share, equating to a 1.2% yield, with analysts projecting a 5.98 EPS for the current year.

Janney Montgomery Scott LLC lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 95.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,072 shares of the financial services provider's stock after selling 86,609 shares during the period. Janney Montgomery Scott LLC's holdings in Houlihan Lokey were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HLI. Westfield Capital Management Co. LP acquired a new stake in shares of Houlihan Lokey during the 1st quarter worth about $46,236,000. Jacobs Levy Equity Management Inc. grew its stake in Houlihan Lokey by 1,168.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 239,522 shares of the financial services provider's stock worth $38,683,000 after buying an additional 220,632 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in Houlihan Lokey during the 1st quarter worth approximately $29,919,000. Assenagon Asset Management S.A. purchased a new position in Houlihan Lokey during the 2nd quarter worth approximately $32,882,000. Finally, Nuveen LLC purchased a new position in Houlihan Lokey during the 1st quarter worth approximately $23,478,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 6,811 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total transaction of $1,380,930.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,311 shares of company stock valued at $9,477,040. Company insiders own 22.83% of the company's stock.

Houlihan Lokey Stock Down 0.3%

NYSE HLI opened at $193.06 on Thursday. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 32.50 and a beta of 0.87. The business has a fifty day moving average of $198.26 and a 200-day moving average of $182.40.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.69 by $0.45. The firm had revenue of $605.35 million during the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The business's quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey's payout ratio is 40.40%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Houlihan Lokey from $192.00 to $213.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Wall Street Zen downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. BMO Capital Markets assumed coverage on Houlihan Lokey in a research note on Friday, October 3rd. They issued an "outperform" rating and a $230.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on Houlihan Lokey from $232.00 to $226.00 and set a "moderate buy" rating on the stock in a research note on Monday. Finally, Zacks Research downgraded Houlihan Lokey from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Houlihan Lokey presently has an average rating of "Moderate Buy" and an average target price of $212.43.

Houlihan Lokey Company Profile

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.

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