Houlihan Lokey Inc. (HLI) to Issue Quarterly Dividend of $0.17 on December 15th
Houlihan Lokey Inc. (NYSE:HLI) declared a quarterly dividend on Wednesday, November 2nd. Investors of record on Monday, December 5th will be given a dividend of 0.17 per share on Thursday, December 15th. This represents a $0.68 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, December 1st.
Houlihan Lokey (NYSE:HLI) opened at 28.15 on Wednesday. The company has a 50-day moving average price of $25.16 and a 200 day moving average price of $24.30. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 21.49 and a beta of 0.11. Houlihan Lokey has a 1-year low of $20.96 and a 1-year high of $29.04.
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Several hedge funds have recently bought and sold shares of HLI. FMR LLC purchased a new stake in Houlihan Lokey during the second quarter worth approximately $3,033,000. Emerald Acquisition Ltd. raised its stake in shares of Houlihan Lokey by 275.7% in the third quarter. Emerald Acquisition Ltd. now owns 116,423 shares of the company’s stock worth $2,917,000 after buying an additional 85,431 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Houlihan Lokey by 12.8% in the second quarter. Thrivent Financial for Lutherans now owns 475,580 shares of the company’s stock worth $10,639,000 after buying an additional 54,130 shares during the period. Vanguard Group Inc. raised its stake in shares of Houlihan Lokey by 6.4% in the second quarter. Vanguard Group Inc. now owns 797,905 shares of the company’s stock worth $17,849,000 after buying an additional 47,913 shares during the period. Finally, Allianz Asset Management AG raised its stake in shares of Houlihan Lokey by 4.5% in the second quarter. Allianz Asset Management AG now owns 735,174 shares of the company’s stock worth $16,446,000 after buying an additional 31,404 shares during the period. 97.20% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on HLI. Zacks Investment Research downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Sandler O’Neill downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $28.00 target price on shares of Houlihan Lokey in a research note on Friday, September 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $26.67.
About Houlihan Lokey
Houlihan Lokey, Inc is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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