Why is HLI down?
Down 30% in a year while the S&P 500 rose 12%.
“Revenues decreased primarily due to a decrease in the number of closed transactions, driven by timing of transaction closings.”
HLI's Quality Score rose 3 points on Mon, Nov 2, to 4.
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Down 30% in a year while the S&P 500 rose 12%.
“Revenues decreased primarily due to a decrease in the number of closed transactions, driven by timing of transaction closings.”
| Holding it back | Above a flat or falling 200-day average |
| Latest filing | 8-K, Oct 28 |
Tue Dec 1: Ex-dividend, $0.70 a shareAt the open. Pays Dec 15.
After its last 4 reports it closed -2.1% on average, higher 2 of 4 times.
Below Averagefor quality, not price, 5 of 14 chart checks firingWhat the Quality Score means
HLI is #22 of 34 by Quality Score among Investment Advice.
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Net income over four quarters: HLI $406M, EVR $745M, MC $257M, PJT $200M.
Expected to report Wed Jan 27, after the close (in 86 days). Expected.
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
Revenue of $692.0M, 5% more than a year ago; a profit of $1.64 a share, from $1.63.
“Revenues increased due to an increase in the average transaction fee on closed transactions, which was driven by transaction mix and improved market conditions for M&A and capital markets transactions.”
HLI's results filing gives no sales by line in a table we read.
No outlook figures read from this release.
“While we remain cautious due to the volatility of external factors, we expect to see solid performance across our businesses for the remainder of the year.”
From its results filing (SEC filing · Oct 28)
Sales grew 11% a year over 5 years, fiscal 2021 to 2026.
Pays $2.80 a share a year.
| Reported | Gap | Reaction | 5 sessions |
|---|---|---|---|
| Oct 28, 2026 | +4.6% | +1.4% | open |
| Jul 29, 2026 | -13.6% | -7.7% | -7.8% |
| May 6, 2026 | -0.2% | +4.3% | +2.3% |
Sales grew in six of the last seven years, to $2.6B in 2026. It made a profit in each of the seven years.
Its dividends come to 39% of its free cash flow.
| Dividend | $2.80 a share a year |
| Paid out | About $189M a year |
| Free cash flow | $485M |
| Record | Raised each of the last 5 years |
One insider bought $501K across 1 filing, and 2 insiders sold $1.1M across 2 filings, in the last 6 months. The newest:
5 trades disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: HLI is under 0.1% of VIG, under 0.1% of VYM, and under 0.1% of DGRO, the most of the 24 funds Breakaway covers, by their holdings as filed for Jul 31, 2026.
Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments world-wide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. The Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.
“Our competitors are other investment banking and financial advisory firms.”
HLI scores 4 today, which Breakaway calls Below Average. It is #22 of 34 in Investment Advice by Quality Score, with 5 of 14 chart checks firing. Down 30% in a year while the S&P 500 rose 12%. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
HLI scores 4 today, which Breakaway calls Below Average (0 to 5). That is #22 of 34 in Investment Advice by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind HLI's 4.
One insider bought $501K across 1 filing, and 2 insiders sold $1.1M across 2 filings, in the last 6 months. The newest is Christopher M. Crain, General Counsel, who sold $140K on Sep 10. Every filing, with the scored weight, for Pro members.
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