Houlihan Lokey Inc Stock Price, News & Analysis

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.

Houlihan Lokey (NYSE:HLI) has appointed Stephen Lee as Managing Director and Head of the new Technology and Cybersecurity practice within Transaction Advisory Services (TAS). Based in Chicago, Lee brings over 20 years of IT and industry experience, previously serving at KPMG as a national leader in technology diligence. This new service line aims to enhance the firm's advisory capabilities in technology and cybersecurity for financial sponsors and corporate clients. The move aligns with Houlihan Lokey's strategy to provide comprehensive services in financial and valuation advisory.

Houlihan Lokey (NYSE:HLI) has increased its tender offer price for GCA Corporation (TSE:2174) to ¥1,398 ($12.71) per share, totaling approximately ¥65.9 billion ($599.1 million). This adjustment aligns with GCA's revised revenue forecast for CY 2021, which now anticipates ¥47.5 billion ($431.8 million), a 21.8% increase from the previous forecast. The tender offer commenced on August 4, 2021, with a closing date set for October 4, 2021, pending regulatory approvals. HLI plans to finance the acquisition using available cash on its balance sheet.

Houlihan Lokey (NYSE:HLI) has appointed Tom Carlson as a Managing Director in its Oil & Gas Group based in Houston. With over 20 years of experience in the energy sector, Carlson previously served at BMO Capital Markets and has extensive expertise in mergers, acquisitions, and capital raises. Houlihan Lokey boasts over 70 dedicated professionals and has successfully advised on more than 100 transactions globally in the past three years, solidifying its reputation as a leader in M&A and restructuring services.

Kiran Lulla has joined Houlihan Lokey (NYSE:HLI) as a Managing Director in the Dallas office, enhancing its Transaction Advisory Services. With over 15 years of experience in transaction advisory, Lulla aims to boost the firm's capabilities in the technology, media, and telecom sectors. He previously worked at KPMG and holds an MBA from the University of Texas at Austin. This strategic hire aligns with HLI's commitment to providing top-tier advisory services in a growing technology sector.

Houlihan Lokey (NYSE:HLI) reported a robust financial performance for Q1 2022, with revenues hitting $373 million, a significant increase from $211 million in Q1 2021. Net income reached $86 million, or $1.25 per diluted share, compared to $46 million ($0.69 per diluted share) from the previous year. The Company has seen strong growth across its segments, with Corporate Finance revenues up 139%, Financial Restructuring revenues up 11%, and Financial and Valuation Advisory revenues up 85%. A quarterly cash dividend of $0.43 per share was also declared.