Houlihan Lokey Inc (HLI) to Issue Quarterly Dividend of $0.20

Houlihan Lokey Inc (NYSE:HLI) declared a quarterly dividend on Wednesday, January 31st, Wall Street Journal reports. Shareholders of record on Friday, March 2nd will be paid a dividend of 0.20 per share by the financial services provider on Thursday, March 15th. This represents a $0.80 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 1st.

Houlihan Lokey (NYSE HLI) opened at $46.59 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.01. Houlihan Lokey has a 1 year low of $31.37 and a 1 year high of $52.81. The firm has a market cap of $3,048.88, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.11 and a beta of 0.42.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The company had revenue of $258.90 million for the quarter, compared to analyst estimates of $240.98 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities analysts anticipate that Houlihan Lokey will post 2.32 EPS for the current fiscal year.

Several brokerages have weighed in on HLI. Keefe, Bruyette & Woods restated a “buy” rating and set a $49.00 target price on shares of Houlihan Lokey in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research report on Monday, December 25th. Finally, Bank of America upped their target price on shares of Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.50.

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About Houlihan Lokey

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

Dividend History for Houlihan Lokey (NYSE:HLI)

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