Houlihan Lokey, Inc. Class A (HLI)

Over the past six months, Houlihan Lokey's stock price has decreased. As of March 23, 2026, the share price was $140.42, a 15.82% decrease from March 24, 2025. The stock decreased by 12.05% over the last 12 months, with a year-to-date return of -20.16%, and 15.15% in the past month. On January 28, 2026, Houlihan Lokey reported its third-quarter fiscal year 2026 financial results, with revenues of $717.1 million and GAAP diluted EPS of $1.70. Revenues increased across all segments, and the board declared a quarterly dividend of $0.60.

Houlihan Lokey's business model exhibits countercyclicality, stabilizing overall performance. Management observed a shift in business seasonality with increased M&A activity post-Labor Day in Q3 CY2025. The company's growth outlook is linked to the cyclical nature of deal-making, influenced by private equity capital, interest rates, and economic uncertainty. Restructuring activity has shown relative stability, and demand for healthcare technology solutions remains strong.

Houlihan Lokey, Inc. is a global independent investment bank and financial services company founded in 1972, specializing in M&A, capital markets, financial restructurings, and valuation advisory services. The company operates through three business practices: Corporate Finance, handling M&A and capital raising; Financial Restructuring, offering advisory services for reorganization plans; and Financial and Valuation Advisory (FVA), providing financial and valuation services. Houlihan Lokey serves a diverse global client base across various industries.

Houlihan Lokey has a significant global presence with 29 offices across the Americas, Europe, Asia, Australia, and the Middle East. The firm has strategically expanded its geographic footprint, particularly in Europe, to serve clients internationally with localized expertise.

Houlihan Lokey has a strong brand reputation for its expertise in complex financial situations. The firm has been recognized as a premier investment bank for restructuring transactions and M&A advisory. In the past year, Houlihan Lokey has received several accolades, including being named "European Private Equity Financial Advisor of the Year" and "Best Valuations Firm."

Houlihan Lokey has a diverse ownership structure including institutional, retail, and individual investors. Institutional investors hold a significant portion of the stock, approximately 65.65% to 86.25%. Insiders own about 0.12% to 0.14% of the stock, and public companies and individual investors hold approximately 13.63% to 21.86%. Major institutional shareholders include Vanguard Group Inc, BlackRock, Inc., and Kayne Anderson Rudnick Investment Management Llc.