Houlihan Lokey, Inc. (NYSE:HLI – Get 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.
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.
- Get a free copy of the StockNews.com research report on Houlihan Lokey (HLI)
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