Montanaro Asset Management Ltd Has $17.01 Million Position in Houlihan Lokey, Inc. $HLI

Montanaro Asset Management Ltd raised its position in Houlihan Lokey, Inc. (NYSE:HLI) by 9.7% during the fourth quarter, Holdings Channel reports. The firm owned 97,650 shares of the financial services provider’s stock after purchasing an additional 8,650 shares during the period. Houlihan Lokey comprises 4.7% of Montanaro Asset Management Ltd’s portfolio, making the stock its 5th largest holding. Montanaro Asset Management Ltd’s holdings in Houlihan Lokey were worth $17,010,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth $26,000. Oakworth Capital Inc. acquired a new position in Houlihan Lokey in the fourth quarter valued at $29,000. Core Wealth Advisors LLC bought a new stake in Houlihan Lokey during the fourth quarter valued at $32,000. Eurizon Capital SGR S.p.A. bought a new stake in Houlihan Lokey during the fourth quarter valued at $33,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Houlihan Lokey during the 2nd quarter worth about $39,000. 78.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HLI shares. The Goldman Sachs Group lowered their price objective on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley decreased their target price on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods lowered their target price on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Zacks Research raised Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings cut Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Moderate Buy” and an average price target of $191.29.

Houlihan Lokey Trading Up 0.1%

HLI opened at $140.88 on Friday. The company has a fifty day moving average price of $149.26 and a two-hundred day moving average price of $160.55. Houlihan Lokey, Inc. has a 1-year low of $133.83 and a 1-year high of $211.78. The company has a market cap of $9.73 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.09 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The company had revenue of $635.64 million for the quarter, compared to the consensus estimate of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.Houlihan Lokey’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. On average, research analysts forecast that Houlihan Lokey, Inc. will post 8.54 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.70 dividend. The ex-dividend date was Monday, June 1st. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 2.0%. Houlihan Lokey’s dividend payout ratio is currently 45.02%.

Insider Activity at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares in the company, valued at $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total value of $71,700.00. Following the transaction, the general counsel directly owned 500 shares in the company, valued at $71,700. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.83% of the stock is currently owned by corporate insiders.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.