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.
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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