Janney Montgomery Scott LLC Has $14.65 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Janney Montgomery Scott LLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 90,681 shares of the financial services provider's stock after selling 4,617 shares during the period. Janney Montgomery Scott LLC owned about 0.13% of Houlihan Lokey worth $14,645,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in Houlihan Lokey during the 4th quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Houlihan Lokey during the first quarter worth $54,000. Versant Capital Management Inc grew its stake in shares of Houlihan Lokey by 744.2% during the first quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock worth $59,000 after purchasing an additional 320 shares during the period. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the fourth quarter valued at about $62,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Houlihan Lokey in the fourth quarter valued at about $105,000. 78.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HLI has been the subject of several analyst reports. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods upped their target price on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of "Moderate Buy" and an average target price of $185.00.

Houlihan Lokey Price Performance

Shares of HLI traded down $0.29 during midday trading on Friday, hitting $172.81. The stock had a trading volume of 399,215 shares, compared to its average volume of 351,656. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 29.69 and a beta of 0.83. The company has a 50 day simple moving average of $168.76 and a two-hundred day simple moving average of $170.34. Houlihan Lokey, Inc. has a twelve month low of $129.32 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. The business had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. Houlihan Lokey's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were issued a dividend of $0.60 per share. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 2nd. This represents a $2.40 annualized dividend and a yield of 1.39%. Houlihan Lokey's dividend payout ratio is presently 41.24%.

Insider Activity at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The disclosure for this sale can be found here. 23.68% of the stock is owned by insiders.

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.