Houlihan Lokey Inc (HLI) To Go Ex-Dividend on November 30th

Houlihan Lokey Inc (NYSE:HLI) announced a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Stockholders of record on Monday, December 3rd will be paid a dividend of 0.27 per share by the financial services provider on Friday, December 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 30th.

Houlihan Lokey has a payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Houlihan Lokey to earn $3.01 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 35.9%.

Shares of NYSE HLI opened at $41.00 on Friday. The stock has a market capitalization of $2.70 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.27 and a beta of 0.64. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.01. Houlihan Lokey has a 52 week low of $38.85 and a 52 week high of $53.20.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.08. The business had revenue of $274.99 million during the quarter, compared to analysts’ expectations of $239.68 million. Houlihan Lokey had a net margin of 16.97% and a return on equity of 20.55%. As a group, equities research analysts predict that Houlihan Lokey will post 2.72 EPS for the current fiscal year.

In related news, major shareholder Orix Hlhz Holding Llc sold 12,978 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $48.02, for a total value of $623,203.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 80.50% of the company’s stock.

A number of brokerages have recently commented on HLI. Zacks Investment Research cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Sandler O’Neill reiterated a “hold” rating and issued a $52.00 target price on shares of Houlihan Lokey in a research report on Thursday, August 2nd. ValuEngine cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. Goldman Sachs Group began coverage on shares of Houlihan Lokey in a report on Tuesday, November 6th. They issued a “neutral” rating and a $46.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of Houlihan Lokey from $57.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.00.

ILLEGAL ACTIVITY NOTICE: “Houlihan Lokey Inc (HLI) To Go Ex-Dividend on November 30th” was published by WKRB News and is the sole property of of WKRB News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.wkrb13.com/2018/11/25/houlihan-lokey-inc-hli-to-go-ex-dividend-on-november-30th.html.

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.

Recommended Story: Average Daily Trade Volume Explained

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.

Leave a Reply