Montanaro Asset Management Ltd Has $14.58 Million Position in Houlihan Lokey, Inc. $HLI

Montanaro Asset Management Ltd grew its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,000 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the period. Houlihan Lokey makes up 3.8% of Montanaro Asset Management Ltd’s portfolio, making the stock its 9th biggest holding. Montanaro Asset Management Ltd owned 0.12% of Houlihan Lokey worth $14,576,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Versor Investments LP boosted its position in shares of Houlihan Lokey by 49.8% during the 2nd quarter. Versor Investments LP now owns 2,995 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 995 shares in the last quarter. Atria Investments Inc boosted its position in shares of Houlihan Lokey by 13.5% during the 2nd quarter. Atria Investments Inc now owns 19,789 shares of the financial services provider’s stock valued at $3,561,000 after purchasing an additional 2,354 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Houlihan Lokey by 36.3% during the 2nd quarter. Jennison Associates LLC now owns 469,653 shares of the financial services provider’s stock valued at $84,514,000 after purchasing an additional 125,049 shares in the last quarter. Motley Fool Asset Management LLC bought a new position in shares of Houlihan Lokey during the 2nd quarter valued at about $203,000. Finally, Stegent Equity Advisors Inc. boosted its position in shares of Houlihan Lokey by 53.8% during the 2nd quarter. Stegent Equity Advisors Inc. now owns 14,262 shares of the financial services provider’s stock valued at $2,566,000 after purchasing an additional 4,988 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on HLI shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Wednesday, October 8th. Zacks Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley upped their price objective on shares of 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 lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Houlihan Lokey in a research note on Thursday, October 9th. They set a “hold” rating and a $210.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.43.

Houlihan Lokey Price Performance

NYSE HLI opened at $179.05 on Monday. The company has a 50 day simple moving average of $198.82 and a 200-day simple moving average of $186.56. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 30.14 and a beta of 0.87. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The business had revenue of $659.45 million during the quarter, compared to analyst estimates of $639.08 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total transaction of $98,110.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 47,311 shares of company stock valued at $9,477,040. 22.83% of the stock is currently owned by corporate insiders.

About Houlihan Lokey

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.