Houlihan Lokey, Inc. (NYSE:HLI) is Montanaro Asset Management Ltd's 5th Largest Position

Montanaro Asset Management Ltd lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,000 shares of the financial services provider's stock after buying an additional 4,750 shares during the period. Houlihan Lokey makes up 4.3% of Montanaro Asset Management Ltd's portfolio, making the stock its 5th biggest position. Montanaro Asset Management Ltd owned about 0.22% of Houlihan Lokey worth $23,861,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HLI. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey during the second quarter valued at $26,000. Crewe Advisors LLC boosted its position in Houlihan Lokey by 264.5% in 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. Ashton Thomas Private Wealth LLC purchased a new position in Houlihan Lokey in the second quarter worth about $38,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey in the third quarter worth about $38,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Houlihan Lokey by 69.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider's stock worth $91,000 after purchasing an additional 277 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Up 1.2 %

HLI traded up $2.14 on Friday, hitting $185.74. 226,147 shares of the company's stock traded hands, compared to its average volume of 331,123. The company's 50 day simple moving average is $163.48 and its 200-day simple moving average is $147.61. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 37.98 and a beta of 0.65. Houlihan Lokey, Inc. has a one year low of $100.92 and a one year high of $189.17.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.15. The company 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 firm's quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

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. This represents a $2.28 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 46.63%.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred 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 sale, the director now owns 6,601 shares of the company's stock, valued at $1,109,496.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. Insiders have sold a total of 9,917 shares of company stock valued at $1,513,129 in the last quarter. 23.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HLI has been the topic of several research reports. UBS Group raised their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $157.00.

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.