Houlihan Lokey, Inc. (HLI) To Go Ex-Dividend on December 2nd

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.57 per share by the financial services provider on Sunday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Monday, December 2nd.

Houlihan Lokey has raised its dividend payment by an average of 19.4% annually over the last three years. Houlihan Lokey has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Houlihan Lokey to earn $7.04 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 32.4%.

Houlihan Lokey Trading Up 1.0 %

Houlihan Lokey stock opened at $189.29 on Friday. Houlihan Lokey has a 12-month low of $105.34 and a 12-month high of $192.10. The firm has a 50-day moving average price of $172.84 and a 200-day moving average price of $152.98. The firm has a market capitalization of $13.16 billion, a PE ratio of 38.71 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 earnings per share. As a group, sell-side analysts predict that Houlihan Lokey will post 5.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley upped their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group lifted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.00.

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the sale, the director now owns 6,801 shares of the company’s stock, valued at approximately $1,035,656.28. This trade represents a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,400 shares of company stock worth $219,362. Company insiders own 23.68% of the company’s stock.

About Houlihan Lokey

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.