Houlihan Lokey, Inc. to Issue Quarterly Dividend of $0.20 (HLI)

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Monday, December 4th will be paid a dividend of 0.20 per share by the financial services provider on Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, December 1st.

Houlihan Lokey has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Houlihan Lokey to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 36.9%.

Shares of Houlihan Lokey (NYSE HLI) traded up $0.11 during trading on Friday, hitting $41.78. 206,200 shares of the stock were exchanged, compared to its average volume of 252,206. Houlihan Lokey has a 12 month low of $23.63 and a 12 month high of $44.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 0.92. The company has a market cap of $2,760.00 and a P/E ratio of 18.77.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.15. The business had revenue of $242.20 million during the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. equities analysts predict that Houlihan Lokey will post 2.1 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/11/houlihan-lokey-inc-plans-quarterly-dividend-of-0-20-hli.html.

In related news, insider J Lindsey Alley sold 973 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $41.63, for a total transaction of $40,505.99. Following the transaction, the insider now directly owns 973 shares of the company’s stock, valued at $40,505.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $72,852,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,807,387 shares of company stock valued at $113,183,620. 69.70% of the stock is currently owned by corporate insiders.

HLI has been the subject of a number of research analyst reports. TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research report on Monday, August 14th. UBS AG upped their price objective on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $40.00 price objective on shares of Houlihan Lokey in a research report on Sunday, August 27th. BidaskClub upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, ValuEngine upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Houlihan Lokey currently has a consensus rating of “Buy” and an average price target of $42.33.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

Dividend History for Houlihan Lokey (NYSE:HLI)

Receive News & Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply