Shares of Houlihan Lokey Inc. (NYSE:HLI) shot up 4.4% on Friday . The stock traded as high as $23.48 and last traded at $23.44, with a volume of 80,848 shares traded. The stock had previously closed at $22.46.

Separately, Zacks Investment Research downgraded Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Houlihan Lokey has an average rating of “Hold” and a consensus target price of $26.38.

The company’s 50-day moving average is $23.22 and its 200 day moving average is $24.06. The stock has a market cap of $1.57 billion and a PE ratio of 21.31.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 18th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The company earned $183.59 million during the quarter, compared to analysts’ expectations of $195.85 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Houlihan Lokey Inc. will post $1.73 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Friday, June 3rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.90%. The ex-dividend date was Wednesday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.15.

A hedge fund recently bought a new stake in Houlihan Lokey stock. Russell Frank Co purchased a new stake in shares of Houlihan Lokey Inc. (NYSE:HLI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 58,010 shares of the company’s stock, valued at approximately $1,478,000. Russell Frank Co owned about 0.09% of Houlihan Lokey as of its most recent SEC filing.

Houlihan Lokey, Inc (Houlihan Lokey) is an independent investment bank with focus on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company operates in three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. Through Corporate Finance segment, it offers mergers and acquisitions, and capital markets advisory services.

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