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

Houlihan Lokey, Inc. (NYSE:HLIGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Thursday, June 2nd will be paid 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 dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, June 1st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.43.

Houlihan Lokey has raised its dividend payment by an average of 17.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. Houlihan Lokey has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. 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 HLI opened at $84.66 on Friday. The firm’s fifty day simple moving average is $88.41 and its 200-day simple moving average is $101.26. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 13.21 and a beta of 0.65. Houlihan Lokey has a twelve month low of $71.04 and a twelve month high of $122.62.

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

HLI has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Houlihan Lokey from $127.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, April 12th. Morgan Stanley decreased their price objective on shares of Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a research note on Friday, March 25th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Wednesday. Piper Sandler downgraded shares of Houlihan Lokey from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $92.00 to $76.00 in a research note on Thursday, April 7th. Finally, Zacks Investment Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.83.

In other Houlihan Lokey news, Director Paul Andrew Zuber sold 1,000 shares of the stock in a transaction on Monday, February 14th. The shares were sold at an average price of $109.91, for a total value of $109,910.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.02% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Houlihan Lokey by 34.2% during the first quarter. Renaissance Technologies LLC now owns 135,100 shares of the financial services provider’s stock worth $11,862,000 after buying an additional 34,400 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Houlihan Lokey by 0.6% in the first quarter. Ariel Investments LLC now owns 126,117 shares of the financial services provider’s stock valued at $11,073,000 after acquiring an additional 776 shares in the last quarter. Ancora Advisors LLC lifted its position in Houlihan Lokey by 7.5% during the first quarter. Ancora Advisors LLC now owns 265,780 shares of the financial services provider’s stock worth $17,677,000 after purchasing an additional 18,446 shares during the period. Verition Fund Management LLC lifted its position in Houlihan Lokey by 4.1% during the first quarter. Verition Fund Management LLC now owns 6,778 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 269 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Houlihan Lokey by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 439,475 shares of the financial services provider’s stock worth $38,586,000 after acquiring an additional 6,294 shares during the last quarter. 74.34% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Company Profile (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.

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Dividend History for Houlihan Lokey (NYSE:HLI)

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