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

Houlihan Lokey Inc (NYSE:HLI) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders 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 yield of 2.59%. The ex-dividend date of this dividend is Wednesday, December 4th.

HLI stock opened at $47.89 on Tuesday. The firm has a market cap of $3.13 billion, a PE ratio of 16.69 and a beta of 0.97. Houlihan Lokey has a fifty-two week low of $34.31 and a fifty-two week high of $50.00. The firm has a fifty day moving average price of $47.31 and a 200 day moving average price of $45.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.70. The firm had revenue of $272.81 million for the quarter, compared to analyst estimates of $268.03 million. Houlihan Lokey had a return on equity of 22.34% and a net margin of 14.85%. Houlihan Lokey’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities analysts predict that Houlihan Lokey will post 2.92 EPS for the current year.

In other Houlihan Lokey news, CFO J Lindsey Alley sold 17,500 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $47.00, for a total value of $822,500.00. Following the completion of the sale, the chief financial officer now directly owns 17,500 shares in the company, valued at approximately $822,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Scott L. Beiser sold 27,000 shares of the firm’s 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 completion of the sale, 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 have sold a total of 162,373 shares of company stock worth $7,756,803 in the last quarter. Insiders own 38.23% of the company’s stock.

Several equities research analysts have recently issued reports on HLI shares. Morgan Stanley started coverage on shares of Houlihan Lokey in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $49.00 target price on the stock. ValuEngine cut Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.38.

About Houlihan Lokey

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.

Read More: Stochastic Momentum Index (SMI)

Dividend History for Houlihan Lokey (NYSE:HLI)

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