NYSE:HLICapital Markets
Houlihan Lokey (HLI) Stock Sinks As Delayed Deals Cloud Fee Recovery
Houlihan Lokey stock just took a 7.7% hit in a single session, which looks more like a mood swing than a full verdict on the business. The market is punishing a soft quarter where revenue landed at US$511m and basic earnings per share were US$1.17, while management is stressing timing issues in deal closings rather than a reset in earnings power.
Coming into this report, the stock had already slipped over the last quarter and now trades on a P/E above peers but below the broader US capital...