Houlihan Lokey Inc Stock Price, News & Analysis

Houlihan Lokey (NYSE:HLI) has announced significant senior appointments to enhance its Business Services Group in Europe. James Ireland joins as Managing Director with over 20 years of experience from RBC Capital Markets. Guy Mullin-Henderson becomes Senior Advisor, bringing 35 years of experience, and James Sutch joins as Director with 15 years in the sector. The firm also added a team of 11 professionals from GCA Altium, further strengthening its European presence in M&A advisory and capital markets.

David Schneider Joins as Managing Director at Houlihan Lokey (NYSE:HLI)

Houlihan Lokey has appointed David Schneider as a Managing Director within its Industrials Group, based in New York. Schneider, who brings 13 years of experience from Deutsche Bank, will enhance the firm's coverage of the chemicals sector. His background includes advising on mergers, acquisitions, and equity financing across North America, Europe, and Asia-Pacific. Houlihan Lokey is recognized as the No. 1 M&A advisor in the U.S. for the past six years, underscoring its strong market position.

Houlihan Lokey (NYSE:HLI) has launched the Private Performing Credit Index (PPCI), a new quarterly index aimed at enhancing transparency in the private credit market. The PPCI aggregates data from approximately 7,000 qualifying private credit loan valuations since September 30, 2017, providing insights into quarterly yields. This index is designed to support asset managers in making informed investment decisions by offering a reference for market dynamics.

Houlihan Lokey reported strong financial results for the second quarter of fiscal 2022, achieving revenues of $537 million, a significant increase from $276 million in the same period last year. The diluted EPS stood at $1.65, up from $0.70 the previous year. Adjusted EPS was $1.71, reflecting robust growth. The company announced a dividend of $0.43 per share for the third quarter and increased its share repurchase program to $250 million. Additionally, Corporate Finance revenues surged 259%, while Financial Restructuring revenues decreased 34%.

Thrive Scholars has partnered with Houlihan Lokey to launch the Houlihan Lokey Thrive Scholars program, supporting ten high school students from low-income communities in New York and Los Angeles. The initiative focuses on providing mentorship and guidance in finance careers, with Houlihan Lokey's grant aiding the development of a Finance Track. Thrive Scholars boasts a success rate where over 90% of participants attend top colleges and 98% graduate with superior grades. The partnership aims to enhance opportunities for underrepresented students and foster diverse leadership in finance.

Houlihan Lokey, Inc. (NYSE:HLI) will release its second quarter results for the 2022 fiscal year on October 28, 2021, after trading closes. A conference call hosted by CEO Scott Beiser and CFO Lindsey Alley will follow at 5:00 p.m. ET to discuss these results and the company’s performance. The conference call can be accessed via telephone and audio webcast on the company’s website. A replay will be available after 8:00 p.m. ET on the same day until November 4, 2021.

Municipal Communications and Seaport Capital have sold a tower asset portfolio to Fengate Asset Management, a prominent alternative investment manager in North America. The transaction highlights Municipal's success in developing a diverse tower portfolio over the past three years, primarily serving major wireless providers. Municipal will maintain ownership and operation of wireless towers while continuing its partnership with Seaport to create additional tower assets. Houlihan Lokey acted as the financial advisor for this transaction.

Houlihan Lokey, Inc. (NYSE:HLI) has acquired GCA Corporation, completing a tender offer that secured approximately 90% of GCA's common stock. This acquisition enhances Houlihan Lokey's technology advisory capabilities and expands its geographical presence, particularly in Asia and Europe. Over 500 new employees from GCA join the firm, strengthening its position as one of the largest independent investment banks globally. A second-step transaction to acquire the remaining shares of GCA is anticipated by the end of 2021, indicating further commitment to integration and growth.

Houlihan Lokey (NYSE:HLI) announced the expiration of its tender offer for GCA Corporation (TSE:2174) as of September 27, 2021. The offer, priced at ¥1,398 ($12.71) per share, resulted in approximately 90% of GCA's common stock being tendered. The acquisition is expected to settle on October 4, 2021, with financing from Houlihan Lokey's balance sheet. The firm is recognized as a leading advisor in M&A and restructuring.