Market Summary
USD107.30-0.87
Delayedas of 21 Sep 2023, 01:48 pm-0.80%
HLI Alerts
HLI Stock Price
HLI RSI Chart
HLI Valuation
HLI Price/Sales (Trailing)
HLI Profitability
HLI Fundamentals
HLI Revenue
HLI Earnings
Price Action
52 Week Range
74.18110.94
(Low)(High)
Last 7 days
0.4%
Last 30 days
7.6%
Last 90 days
14.7%
Trailing 12 Months
34.6%
HLI Financial Health
HLI Investor Care
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Net sales
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Latest Insider Trading transactions for HLI
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-16 | CRAIN CHRISTOPHER M | acquired | - | - | 1,000 | general counsel |
2023-08-16 | CRAIN CHRISTOPHER M | sold | -100,660 | 100 | -1,000 | general counsel |
2023-06-07 | GOLD IRWIN | acquired | - | - | 10,000 | executive chairman |
2023-06-07 | GOLD IRWIN | sold | -912,300 | 91.23 | -10,000 | executive chairman |
2023-06-05 | CRAIN CHRISTOPHER M | sold | -90,740 | 90.74 | -1,000 | general counsel |
2023-06-05 | CRAIN CHRISTOPHER M | acquired | - | - | 1,000 | general counsel |
2023-06-02 | GOLD IRWIN | acquired | - | - | 5,389 | executive chairman |
2023-06-02 | GOLD IRWIN | sold | -485,495 | 90.09 | -5,389 | executive chairman |
2023-05-24 | Bassey Ekpedeme M | acquired | - | - | 1,013 | - |
2023-05-24 | ZUBER PAUL ANDREW | acquired | - | - | 1,013 | - |
Which funds bought or sold HLI recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 2,109 | 19,170 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 173 | 1,573 | -% |
2023-08-24 | Alberta Investment Management Corp | added | 128 | 1,149,050 | 1,879,590 | 0.02% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.37 | 532,424 | 6,018,050 | 0.01% |
2023-08-21 | BOKF, NA | unchanged | - | 638 | 5,800 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 0.83 | 343,427 | 2,922,700 | -% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 2,076 | 2,076 | -% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -3.77 | 16,990 | 225,916 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -33.78 | -3,132,990 | 9,109,010 | -% |
2023-08-16 | CASTLEARK MANAGEMENT LLC | sold off | -100 | -4,851,320 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
HLI Alerts
Schedule 13G FIlings of Houlihan Lokey
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 23, 2023 | hl voting trust | 27.4% | 19,133,592 | SC 13D/A | |
| Feb 14, 2023 | alliancebernstein l.p. | 5.7% | 2,845,604 | SC 13G | |
| Feb 14, 2023 | earnest partners llc | 7.3% | 3,654,922 | SC 13G/A | |
| Feb 14, 2023 | kayne anderson rudnick investment management llc | 5.40% | 2,692,206 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.22% | 5,094,380 | SC 13G/A | |
| Jan 25, 2023 | blackrock inc. | 9.0% | 4,495,643 | SC 13G | |
| Jun 29, 2022 | hl voting trust | 29.0% | 20,238,188 | SC 13D/A | |
| Apr 22, 2022 | hl voting trust | 27.3% | 18,686,408 | SC 13D/A | |
| Feb 14, 2022 | kayne anderson rudnick investment management llc | 5.69% | 2,902,262 | SC 13G/A | |
| Feb 08, 2022 | earnest partners llc | 7.0% | 3,573,806 | SC 13G |
Recent SEC filings of Houlihan Lokey
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 16, 2023 | 4 | Insider Trading | |
| Aug 16, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 11, 2023 | S-3ASR | S-3ASR | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Aug 02, 2023 | DEFA14A | DEFA14A | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | DEF 14A | DEF 14A | |
| Jul 28, 2023 | ARS | ARS | |
| Jul 28, 2023 | 8-K | Current Report | |
| Jul 18, 2023 | PRE 14A | PRE 14A |
Peers (Alternatives to Houlihan Lokey)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMP | - | 15.0B | 3.59% | 25.90% | - | - | 9.38% | -23.22% |
BX | 81.5B | 7.0B | 15.62% | 27.98% | 65.35 | 11.71 | -60.78% | -68.72% |
KKR | 54.6B | 11.1B | 6.30% | 34.23% | 44.47 | 4.9 | 13.00% | 26.39% |
BEN | 12.9B | 7.8B | 0.43% | 6.93% | 15.77 | 1.66 | -8.39% | -52.46% |
| MID-CAP | ||||||||
AMG | 4.8B | 2.1B | 1.87% | 10.46% | 4.21 | 2.25 | -13.32% | 104.61% |
AMK | 2.0B | 678.6M | -5.18% | 35.10% | 18.59 | 2.9 | 16.44% | 46.62% |
IVZ | 7.8B | 5.8B | 0.40% | -7.01% | 11.43 | 1.29 | -13.83% | -40.28% |
HLI | 6.9B | 1.8B | 7.59% | 34.62% | 28.19 | 3.82 | 48.44% | -13.75% |
EVR | 5.4B | 2.5B | 5.76% | 58.95% | 15.69 | 2.16 | -24.58% | -51.56% |
JHG | 4.5B | 2.0B | 3.29% | 18.74% | 11.99 | 2.19 | -20.30% | -29.01% |
LAZ | 2.9B | 2.7B | 0.64% | -7.89% | 1.5K | 1.08 | -13.59% | -99.63% |
| SMALL-CAP | ||||||||
DHIL | 476.2M | 140.6M | -5.61% | -1.83% | 9.71 | 3.39 | -21.64% | -14.24% |
VALU | 461.6M | 39.5M | -8.56% | -19.80% | 25.55 | 11.63 | -2.01% | -17.48% |
SCU | 297.6M | 391.0M | 0.08% | 27.51% | -18.65 | 0.76 | -32.74% | -176.48% |
Houlihan Lokey News
Returns for HLI
Cumulative Returns on HLI
25.6%
7-Year Cumulative Returns
20.2%
5-Year Cumulative Returns
24.3%
3-Year Cumulative Returns
Risks for HLI
What is the probability of a big loss on HLI?
38.5%
Probability that Houlihan Lokey stock will be more than 20% underwater in next one year
25.4%
Probability that Houlihan Lokey stock will be more than 30% underwater in next one year.
0%
Probability that Houlihan Lokey stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does HLI drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Houlihan Lokey was unfortunately bought at previous high price.
Drawdowns
Financials for Houlihan Lokey
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.2% | 1,807 | 1,809 | 737 | 1,169 | 1,217 | 1,171 | 2,299 | 1,949 | 1,687 | 1,525 | 1,327 | 1,123 | 1,120 | 1,159 | 1,148 | 1,113 | 1,115 | 1,084 | 1,084 | 1,084 | 1,084 |
| Operating Expenses | 0.1% | 1,469 | 1,468 | 1,486 | 1,753 | 1,733 | 1,657 | 1,645 | 1,385 | 1,214 | 1,117 | 991 | 877 | 896 | 930 | 927 | 897 | 888 | 865 | 865 | 865 | 865 |
| EBITDA | -100.0% | - | 388 | 410 | 581 | 636 | 653 | 686 | 580 | 490 | 425 | 358 | 269 | 248 | 254 | 244 | 237 | 248 | 240 | 236 | 226 | 221 |
| EBITDA Margin | -100.0% | - | 0.21* | 0.56* | 0.50* | 0.52* | 0.29* | 0.30* | 0.30* | 0.29* | 0.28* | 0.27* | 0.24* | 0.22* | 0.22* | 0.21* | 0.21* | 0.22* | 0.22* | 0.23* | 0.23* | 0.23* |
| Interest Expenses | 1.3% | 6.00 | 6.00 | 4.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Earnings Before Taxes | 0.2% | 325 | 324 | 334 | 500 | 572 | 604 | 653 | 563 | 473 | 409 | 340 | 251 | 230 | 236 | 227 | 221 | 232 | 224 | 223 | 215 | 211 |
| EBT Margin | -100.0% | - | 0.18* | 0.45* | 0.43* | 0.47* | 0.27* | 0.28* | 0.29* | 0.28* | 0.27* | 0.26* | 0.22* | 0.21* | 0.20* | 0.20* | 0.20* | 0.21* | 0.21* | 0.21* | 0.22* | 0.22* |
| Net Income | -3.7% | 245 | 254 | 121 | 232 | 284 | 299 | 472 | 417 | 353 | 313 | 272 | 203 | 187 | 184 | 170 | 165 | 172 | 159 | 152 | 169 | 163 |
| Net Income Margin | -100.0% | - | 0.14* | 0.16* | 0.20* | 0.23* | 0.19* | 0.20* | 0.21* | 0.21* | 0.21* | 0.21* | 0.18* | 0.17* | 0.16* | 0.15* | 0.15* | 0.15* | 0.15* | 0.15* | 0.15* | 0.15* |
| Free Cashflow | -100.0% | - | 86.00 | -70.18 | 400 | 537 | 728 | 934 | 691 | 593 | 566 | 469 | 260 | 265 | 267 | 224 | 204 | 221 | 218 | 196 | 193 | 187 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -8.8% | 2,707 | 2,969 | 2,672 | 2,510 | 2,436 | 2,887 | 3,046 | 2,357 | 2,149 | 2,426 | 2,120 | 1,836 | 1,699 | 1,677 | 1,539 | 1,448 | 1,393 | 1,426 | 1,260 | 1,220 | 1,147 |
| Cash Equivalents | -36.2% | 456 | 714 | 549 | 504 | 489 | 834 | 1,059 | 923 | 783 | 847 | 634 | 422 | 423 | 381 | 277 | 221 | 212 | 286 | 257 | 228 | 145 |
| Net PPE | 14.5% | 101 | 88.00 | 76.00 | 62.00 | 53.00 | 52.00 | 52.00 | 43.00 | 45.00 | 46.00 | 46.00 | 44.00 | 43.00 | 42.00 | 42.00 | 41.00 | 36.00 | 31.00 | 31.00 | 32.00 | 32.00 |
| Goodwill | 0.3% | 1,091 | 1,088 | 1,061 | 393 | 394 | 1,070 | 404 | 394 | - | 671 | - | - | - | - | - | - | - | - | - | - | - |
| Liabilities | -19.5% | 1,092 | 1,356 | 1,131 | 1,064 | 1,018 | 1,443 | 1,516 | 919 | 764 | 1,043 | 766 | 585 | 489 | 693 | 592 | 556 | 500 | 535 | 410 | 392 | 328 |
| Shareholder's Equity | 0.1% | 1,615 | 1,613 | 1,541 | 1,447 | 1,418 | 1,444 | 1,529 | 1,438 | 1,385 | 1,384 | 1,354 | 1,251 | 1,210 | 984 | 947 | 892 | 893 | 891 | 851 | 828 | 819 |
| Retained Earnings | 2.5% | 1,059 | 1,033 | 1,008 | 981 | 955 | 922 | 887 | 742 | 657 | 600 | 523 | 428 | 401 | 377 | 340 | 311 | 299 | 276 | 249 | 222 | 202 |
| Additional Paid-In Capital | -4.1% | 616 | 643 | 602 | 560 | 528 | 565 | 669 | 721 | 746 | 804 | 851 | 880 | 849 | 650 | 636 | 635 | 631 | 645 | 635 | 636 | 644 |
| Accumulated Depreciation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.00 | 43.00 | 41.00 | 39.00 |
| Shares Outstanding | - | 64.00 | - | 63.00 | 63.00 | - | - | - | 49,383 | - | - | - | 67.00 | 64.00 | - | 62.00 | 62.00 | 62.00 | - | 62.00 | 62.00 | 63.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 106.0% | 281 | 136 | -37.41 | 424 | 549 | 737 | 945 | 701 | 605 | 580 | 484 | 273 | 282 | 288 | 243 | 222 | 234 | 224 | 202 | 199 | 193 |
| Share Based Compensation | -0.8% | 156 | 157 | 142 | 121 | 98.00 | 92.00 | 88.00 | 82.00 | 80.00 | 62.00 | 63.00 | 67.00 | 69.00 | 64.00 | 60.00 | 57.00 | 53.00 | 57.00 | 47.00 | 55.00 | 54.00 |
| Cashflow From Investing | -2681.9% | -83.57 | -3.00 | -91.10 | -385 | -364 | -273 | -124 | 126 | 50.00 | -99.75 | -170 | -129 | -117 | -33.14 | -72.77 | -67.68 | -21.26 | 6.00 | 14.00 | -41.89 | -74.09 |
| Cashflow From Financing | 5.2% | -227 | -240 | -356 | -420 | -449 | -459 | -393 | -334 | -305 | -26.82 | 36.00 | 53.00 | 50.00 | -152 | -148 | -156 | -144 | -236 | -143 | -160 | -146 |
| Dividend Payments | 1.1% | 142 | 140 | 135 | 129 | 124 | 115 | 109 | 103 | 97.00 | 92.00 | 90.00 | 87.00 | 84.00 | 81.00 | 78.00 | 76.00 | 73.00 | 67.00 | 63.00 | 61.00 | 56.00 |
| Buy Backs | -83.7% | 8.00 | 49.00 | 171 | 241 | 278 | 305 | 244 | 192 | 170 | 102 | 44.00 | 33.00 | 4.00 | 30.00 | 278 | - | - | 70.00 | 3.00 | 3.00 | 12.00 |
HLI Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||
| Revenues | $ 415,829 | $ 418,644 |
| Operating expenses: | ||
| Employee compensation and benefits | 263,483 | 265,735 |
| Travel, meals, and entertainment | 16,018 | 11,050 |
| Rent | 17,403 | 11,790 |
| Depreciation and amortization | 6,532 | 19,143 |
| Information technology and communications | 13,548 | 10,990 |
| Professional fees | 9,557 | 6,469 |
| Other operating expenses | 15,941 | 15,897 |
| Total operating expenses | 342,482 | 341,074 |
| Operating income | 73,347 | 77,570 |
| Other (income)/expense, net | (3,005) | 1,749 |
| Income before provision for income taxes | 76,352 | 75,821 |
| Provision for income taxes | 14,962 | 5,039 |
| Net income | 61,390 | 70,782 |
| Other comprehensive income, net of tax: | ||
| Foreign currency translation adjustments | 2,974 | (22,309) |
| Comprehensive income attributable to Houlihan Lokey, Inc. | $ 64,364 | $ 48,473 |
| Weighted average shares of common stock outstanding: | ||
| Basic (in shares) | 63,806,156 | 63,277,596 |
| Fully Diluted (in shares) | 68,000,392 | 68,828,246 |
| Earnings per share (Note 13) | ||
| Basic (in dollars per share) | $ 0.96 | $ 1.12 |
| Fully Diluted (in dollars per share) | $ 0.90 | $ 1.03 |
HLI Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 456,116 | $ 714,439 |
| Restricted cash | 373 | 373 |
| Investment securities | 33,860 | 37,309 |
| Accounts receivable, net of allowance for credit losses of $8,824 and $8,773, respectively | 137,551 | 182,029 |
| Unbilled work in progress, net of allowance for credit losses of $5,577 and $5,622, respectively | 104,911 | 115,045 |
| Income taxes receivable | 15,964 | 17,693 |
| Deferred income taxes | 108,990 | 104,941 |
| Property and equipment, net | 101,151 | 88,345 |
| Operating lease right-of-use assets | 379,336 | 333,877 |
| Goodwill | 1,090,597 | 1,087,784 |
| Other Intangible Assets, Net | 200,151 | 203,370 |
| Other intangible assets, net | 77,821 | 83,609 |
| Other assets | 2,706,821 | 2,968,814 |
| Liabilities: | ||
| Accrued salaries and bonuses | 473,464 | 765,877 |
| Accounts payable and accrued expenses | 91,100 | 113,421 |
| Deferred income | 39,442 | 40,695 |
| Deferred income taxes | 285 | 544 |
| Operating Lease, Liability | 429,085 | 374,869 |
| Other Liabilities | 58,392 | 60,111 |
| Total liabilities | 1,091,768 | 1,355,517 |
| Additional paid-in capital | 616,315 | 642,970 |
| Retained earnings | 1,058,509 | 1,033,072 |
| Accumulated other comprehensive loss | (59,840) | (62,814) |
| Total stockholders' equity | 1,615,053 | 1,613,297 |
| Total liabilities and stockholders' equity | 2,706,821 | 2,968,814 |
| Common Class A | ||
| Common stock | 51 | 51 |
| Common Class B | ||
| Common stock | $ 18 | $ 18 |
Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions. It also provides financing solutions and capital-raising advisory services for publicly-held and multinational corporations, financial sponsors, and privately-held companies. The Financial Restructuring segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. It also provides a range of advisory services, including structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The Financial and Valuation Advisory segment offers valuations of various assets, such as companies, illiquid debt and equity securities, and intellectual property. It also provides fairness opinions in connection with M&A and other transactions, and solvency opinions in connection with corporate spin-offs and dividend recapitalizations; and other types of financial opinions. In addition, this segment offers dispute resolution consulting services. It serves corporations, financial sponsors, and government agencies. The company was founded in 1972 and is headquartered in Los Angeles, California.