Houlihan Lokey Inc (NYSE:HLI) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.31 per share by the financial services provider on Monday, December 16th. This represents a $1.24 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, December 4th.
Shares of Houlihan Lokey stock opened at $47.89 on Tuesday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 16.69 and a beta of 0.97. Houlihan Lokey has a 52-week low of $34.31 and a 52-week high of $50.00. The company’s 50-day simple moving average is $47.31 and its 200-day simple moving average is $45.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.70. Houlihan Lokey had a net margin of 14.85% and a return on equity of 22.34%. The firm had revenue of $272.81 million during the quarter, compared to the consensus estimate of $268.03 million. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts anticipate that Houlihan Lokey will post 2.92 EPS for the current year.
A number of equities analysts have recently issued reports on the company. Morgan Stanley began coverage on Houlihan Lokey in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $49.00 target price for the company. ValuEngine downgraded Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. Finally, Zacks Investment Research raised Houlihan Lokey from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.38.
In related news, Chairman Irwin Gold sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $47.03, for a total value of $940,600.00. Following the completion of the transaction, the chairman now directly owns 20,000 shares of the company’s stock, valued at approximately $940,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott L. Beiser sold 27,000 shares of Houlihan Lokey stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.17, for a total value of $1,300,590.00. Following the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $481,700. The disclosure for this sale can be found here. Insiders sold a total of 162,373 shares of company stock valued at $7,756,803 in the last quarter. Insiders own 38.23% of the company’s stock.
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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