Shares of Houlihan Lokey Inc. (NYSE:HLI) traded up 4.9% on Friday . The stock traded as high as $25.49 and last traded at $25.46, with a volume of 54,959 shares trading hands. The stock had previously closed at $24.28.

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

The stock’s 50-day moving average is $23.02 and its 200 day moving average is $23.95. The company has a market capitalization of $1.69 billion and a price-to-earnings ratio of 22.26.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The company earned $181 million during the quarter, compared to analyst estimates of $161.70 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis. Equities analysts expect that Houlihan Lokey Inc. will post $1.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, August 31st.

An institutional investor recently raised its position in Houlihan Lokey stock. Principal Financial Group Inc. increased its stake in shares of Houlihan Lokey Inc. (NYSE:HLI) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 495,694 shares of the company’s stock after buying an additional 10,882 shares during the period. Principal Financial Group Inc. owned 0.76% of Houlihan Lokey worth $12,992,000 at the end of the most recent reporting period.

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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