HLI

Over the past six months, Houlihan Lokey's stock (HLI) has experienced a decline, with a 1-year total shareholder return down 36.36% and a year-to-date share price return fallen 25.97% as of September 20, 2026. The stock price dropped from $196.72 on September 9, 2025, to $137.11 on September 4, 2026, closing at $130.55 on September 18, 2026. Key events impacting the stock include a Q1 Fiscal 2027 earnings miss on July 29, 2026, where EPS and revenue fell below consensus estimates, making HLI the weakest performer among investment banking peers. Additionally, a legal leadership transition on September 22, 2026, and a board departure on September 3, 2026, contributed to investor uncertainty. Despite the stock's decline, the company has announced expansions, such as a new West Palm Beach office and senior hires to bolster capital advisory reach and strengthen its GP-led secondaries and Equity Capital Solutions platforms, though these growth initiatives have not yet led analysts to raise price targets.