Houlihan Lokey, Inc. (NYSE:HLI) Announces Dividend Increase – $0.53 Per Share

Houlihan Lokey, Inc. (NYSE:HLIGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Shareholders of record on Thursday, June 2nd will be given a dividend of 0.53 per share by the financial services provider on Wednesday, June 15th. This represents a $2.12 dividend on an annualized basis and a 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 payment by an average of 17.1% per year over the last three years and has raised its dividend every year for the last 7 years. Houlihan Lokey has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 1-year low of $71.04 and a 1-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’s 50 day moving average is $88.41 and its 200-day moving average is $101.26.

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

In other Houlihan Lokey news, Director Paul Andrew Zuber sold 2,000 shares of Houlihan Lokey stock in a transaction 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.02% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. raised its position in shares of Houlihan Lokey by 139.1% during the first quarter. Federated Hermes Inc. now owns 445,846 shares of the financial services provider’s stock worth $39,146,000 after acquiring an additional 259,359 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Houlihan Lokey by 12,754.1% during the first quarter. Lazard Asset Management LLC now owns 70,569 shares of the financial services provider’s stock worth $6,195,000 after acquiring an additional 70,020 shares during the last quarter. First Trust Advisors LP raised its position in shares of Houlihan Lokey by 8.1% during the first quarter. First Trust Advisors LP now owns 774,565 shares of the financial services provider’s stock worth $68,007,000 after acquiring an additional 58,369 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Houlihan Lokey by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 802,394 shares of the financial services provider’s stock valued at $70,456,000 after purchasing an additional 39,823 shares during the last quarter. Finally, Barclays PLC increased its holdings in Houlihan Lokey by 146.7% in the fourth quarter. Barclays PLC now owns 65,211 shares of the financial services provider’s stock valued at $6,750,000 after purchasing an additional 38,781 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

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

About Houlihan Lokey (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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