Houlihan Lokey Inc (HLI) To Go Ex-Dividend on September 1st

Houlihan Lokey Inc (NYSE:HLI) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Stockholders of record on Wednesday, September 2nd will be paid a dividend of 0.33 per share by the financial services provider on Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, September 1st. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.31.

Houlihan Lokey has increased its dividend by an average of 81.8% annually over the last three years and has increased its dividend every year for the last 4 years. Houlihan Lokey has a dividend payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Houlihan Lokey to earn $3.80 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 32.6%.

Shares of NYSE HLI traded down $1.08 during trading on Thursday, reaching $54.08. 6,966 shares of the stock traded hands, compared to its average volume of 395,949. Houlihan Lokey has a 52-week low of $41.80 and a 52-week high of $64.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average of $56.81 and a 200-day moving average of $55.36. The stock has a market capitalization of $3.66 billion, a P/E ratio of 19.24 and a beta of 0.71.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.07. Houlihan Lokey had a return on equity of 21.69% and a net margin of 16.70%. The firm had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $230.98 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. Analysts expect that Houlihan Lokey will post 2.28 earnings per share for the current fiscal year.

In other news, Chairman Irwin Gold sold 10,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $55.06, for a total value of $550,600.00. Following the sale, the chairman now directly owns 10,000 shares in the company, valued at approximately $550,600. The sale was disclosed in a filing with the SEC, which is available through this link. 38.23% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on the company. Morgan Stanley increased their price objective on Houlihan Lokey from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Zacks Investment Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. lowered Houlihan Lokey from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $57.00 in a research report on Friday, July 10th. Wolfe Research assumed coverage on Houlihan Lokey in a research report on Wednesday, July 22nd. They set a “peer perform” rating and a $60.00 price target on the stock. Finally, UBS Group raised their price target on Houlihan Lokey from $55.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Houlihan Lokey currently has an average rating of “Hold” and an average price target of $59.71.

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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Dividend History for Houlihan Lokey (NYSE:HLI)

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