Houlihan Lokey Inc (NYSE:HLI) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.31 per share by the financial services provider on Monday, December 16th. This represents a $1.24 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, December 4th.
Houlihan Lokey stock opened at $47.67 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. Houlihan Lokey has a 52-week low of $34.31 and a 52-week high of $50.00. The firm has a 50 day moving average price of $47.14 and a two-hundred day moving average price of $45.39. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 16.61 and a beta of 0.97.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. Houlihan Lokey had a net margin of 14.85% and a return on equity of 22.34%. The firm had revenue of $272.81 million during the quarter, compared to analyst estimates of $268.03 million. During the same quarter last year, the business earned $0.70 EPS. The company’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts predict that Houlihan Lokey will post 2.92 EPS for the current fiscal year.
Several research firms have issued reports on HLI. Morgan Stanley began coverage on shares of Houlihan Lokey in a report on Wednesday, November 27th. They set an “equal weight” rating and a $49.00 price target for the company. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, ValuEngine lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.38.
In other news, insider Scott Joseph Adelson sold 57,873 shares of Houlihan Lokey stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $48.09, for a total value of $2,783,112.57. Following the completion of the sale, the insider now owns 57,873 shares in the company, valued at approximately $2,783,112.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO J Lindsey Alley sold 17,500 shares of Houlihan Lokey stock in a transaction on Monday, October 28th. The shares were sold at an average price of $47.00, for a total transaction of $822,500.00. Following the completion of the sale, the chief financial officer now owns 17,500 shares of the company’s stock, valued at approximately $822,500. The disclosure for this sale can be found here. Insiders sold a total of 162,373 shares of company stock valued at $7,756,803 in the last quarter. 38.23% of the stock is currently owned by company insiders.
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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