Houlihan Lokey, Inc. (NYSE:HLI) Announces Dividend Increase – $0.57 Per Share

Houlihan Lokey, Inc. (NYSE:HLI) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.57 per share by the financial services provider on Saturday, June 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.55.

Houlihan Lokey has increased its dividend payment by an average of 19.4% 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 33.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Houlihan Lokey to earn $5.71 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 38.5%.

Houlihan Lokey Trading Down 0.1 %

Shares of NYSE:HLI traded down $0.15 during mid-day trading on Friday, reaching $134.44. The stock had a trading volume of 209,527 shares, compared to its average volume of 339,275. The company has a market cap of $9.29 billion, a P/E ratio of 33.38 and a beta of 0.67. Houlihan Lokey has a 1 year low of $86.20 and a 1 year high of $137.80. The business’s 50 day moving average price is $127.14 and its 200 day moving average price is $119.66.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $520.46 million for the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 earnings per share. Analysts predict that Houlihan Lokey will post 4.42 earnings per share for the current fiscal year.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on HLI. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th. UBS Group raised their target price on shares of Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th.

Houlihan Lokey Company Profile

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.