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.
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.
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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.
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