Houlihan Lokey, Inc. (NYSE:HLI) to Issue $0.57 Quarterly Dividend

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Monday, December 2nd will be given a dividend of 0.57 per share by the financial services provider on Sunday, December 15th. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, December 2nd.

Houlihan Lokey has raised its dividend payment by an average of 19.4% per year over the last three years. Houlihan Lokey has a dividend payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Houlihan Lokey to earn $6.96 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 32.8%.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock traded down $1.55 during midday trading on Friday, hitting $171.22. 568,915 shares of the company were exchanged, compared to its average volume of 322,297. The firm has a market cap of $11.91 billion, a P/E ratio of 35.01 and a beta of 0.66. Houlihan Lokey has a 52 week low of $100.92 and a 52 week high of $175.73. The firm has a 50 day simple moving average of $160.96 and a 200-day simple moving average of $145.55.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.67% and a net margin of 15.77%. The business had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. During the same quarter last year, the company earned $1.11 EPS. Houlihan Lokey's revenue was up 23.1% on a year-over-year basis. Equities research analysts expect that Houlihan Lokey will post 5.64 earnings per share for the current year.

Insider Activity

In other news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the sale, the director now directly owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the sale, the director now directly owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,917 shares of company stock valued at $1,513,129. Company insiders own 23.68% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HLI shares. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Wells Fargo & Company started coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. UBS Group raised their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised their price target on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $157.00.

Houlihan Lokey Company Profile

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.