Janney Montgomery Scott LLC Has $783,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Janney Montgomery Scott LLC grew its position in Houlihan Lokey, Inc. (NYSE:HLI) by 110.9% during the 3rd quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Houlihan Lokey during the second quarter worth approximately $26,000. Crewe Advisors LLC lifted its stake in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey in the 3rd quarter valued at $38,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Houlihan Lokey in the 2nd quarter valued at $38,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analysts Set New Price Targets

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

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $184.12 on Monday. The firm has a market capitalization of $12.80 billion, a PE ratio of 37.65 and a beta of 0.65. The firm has a fifty day moving average of $166.88 and a 200 day moving average of $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 quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. During the same period in the prior year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

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

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the transaction, the director now directly owns 7,001 shares in the company, valued at approximately $1,067,582.49. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,600 shares of company stock worth $249,860 over the last 90 days. 23.68% of the stock is currently 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.