Houlihan Lokey, Inc. (HLI) to Issue Quarterly Dividend of $0.53 on June 15th

Houlihan Lokey, Inc. (NYSE:HLIGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Thursday, June 2nd will be paid a dividend of 0.53 per share by the financial services provider on Wednesday, June 15th. This represents a $2.12 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Wednesday, June 1st. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.43.

Houlihan Lokey has increased its dividend by an average of 17.1% annually over the last three years and has raised its dividend every year for the last 7 years. Houlihan Lokey has a payout ratio of 28.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Houlihan Lokey to earn $6.36 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 27.0%.

Shares of NYSE HLI opened at $84.66 on Friday. Houlihan Lokey has a one year low of $71.04 and a one year high of $122.62. The firm has a market capitalization of $5.70 billion, a PE ratio of 13.21 and a beta of 0.65. The business has a 50-day moving average price of $88.41 and a two-hundred day moving average price of $101.26.

Houlihan Lokey (NYSE:HLIGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.69. Houlihan Lokey had a return on equity of 34.96% and a net margin of 20.52%. The firm had revenue of $888.80 million during the quarter, compared to analyst estimates of $664.27 million. During the same period last year, the company posted $1.77 EPS. The business’s quarterly revenue was up 65.2% compared to the same quarter last year. On average, equities research analysts forecast that Houlihan Lokey will post 5.63 EPS for the current fiscal year.

In related news, Director Paul Andrew Zuber sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $103.40, for a total value of $206,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 26.02% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Houlihan Lokey by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 802,394 shares of the financial services provider’s stock valued at $70,456,000 after acquiring an additional 39,823 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Houlihan Lokey by 8.1% in the 1st quarter. First Trust Advisors LP now owns 774,565 shares of the financial services provider’s stock valued at $68,007,000 after acquiring an additional 58,369 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Houlihan Lokey by 139.1% in the 1st quarter. Federated Hermes Inc. now owns 445,846 shares of the financial services provider’s stock valued at $39,146,000 after acquiring an additional 259,359 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Houlihan Lokey by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 439,475 shares of the financial services provider’s stock valued at $38,586,000 after buying an additional 6,294 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in Houlihan Lokey by 7.5% in the 1st quarter. Ancora Advisors LLC now owns 265,780 shares of the financial services provider’s stock valued at $17,677,000 after buying an additional 18,446 shares during the last quarter. 74.34% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on HLI shares. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Wednesday. The Goldman Sachs Group decreased their price objective on Houlihan Lokey from $127.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Morgan Stanley decreased their price objective on Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a research report on Friday, March 25th. Zacks Investment Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. Finally, Piper Sandler downgraded Houlihan Lokey from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $92.00 to $76.00 in a research note on Thursday, April 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.83.

Houlihan Lokey Company Profile (Get Rating)

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.

See Also

Dividend History for Houlihan Lokey (NYSE:HLI)

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