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.
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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.
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