Houlihan Lokey Inc Plans Quarterly Dividend of $0.31 (NYSE:HLI)

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Houlihan Lokey Inc (NYSE:HLI) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Thursday, September 5th will be given a dividend of 0.31 per share by the financial services provider on Monday, September 16th. This represents a $1.24 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, September 4th.

Houlihan Lokey has increased its dividend by an average of 88.8% per year over the last three years and has raised its dividend every year for the last 3 years. Houlihan Lokey has a dividend payout ratio of 46.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Houlihan Lokey to earn $3.31 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 37.5%.

Houlihan Lokey stock opened at $44.18 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $2.92 billion, a P/E ratio of 15.39 and a beta of 0.98. The business’s fifty day moving average is $43.77 and its two-hundred day moving average is $45.59. Houlihan Lokey has a 52 week low of $34.31 and a 52 week high of $50.00.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The company had revenue of $250.35 million for the quarter, compared to analyst estimates of $228.98 million. Houlihan Lokey had a return on equity of 22.75% and a net margin of 15.45%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts predict that Houlihan Lokey will post 2.95 earnings per share for the current year.

In other Houlihan Lokey news, insider Orix Hlhz Holding Llc sold 3,377,935 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $45.61, for a total value of $154,067,615.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 38.23% of the company’s stock.

A number of equities analysts have commented on the company. Buckingham Research reduced their price objective on Houlihan Lokey from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. JMP Securities lowered Houlihan Lokey from an “outperform” rating to a “market perform” rating and set a $46.65 price objective on the stock. in a research note on Thursday, May 23rd. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, July 31st. Finally, ValuEngine lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Houlihan Lokey presently has an average rating of “Buy” and an average price target of $50.09.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.

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Dividend History for Houlihan Lokey (NYSE:HLI)

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