Houlihan Lokey, INC.: directors' dealings · United States · SEC (Form 4)

About Houlihan Lokey, INC.

Houlihan Lokey, Inc. (NYSE: HLI) is a leading independent investment bank listed on the NYSE in the United States, with principal executive offices in Los Angeles, California. Founded in 1972, the firm has built a strong reputation in advisory-driven financial services, particularly in the middle market and in complex situations where independence, industry depth, and execution quality matter. Its headquarters is in Los Angeles, and it maintains a meaningful presence across major U.S. financial centers as well as internationally.([sec.gov](https://www.sec.gov/Archives/edgar/data/1302215/000130221525000087/hlify2510k.pdf)) Houlihan Lokey’s business model is centered on four core advisory verticals: mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. The company advises corporations, private equity sponsors, institutions, and governments on divestitures, acquisitions, financing, refinancing, liability management, and valuation assignments. In strategic terms, Houlihan Lokey is best understood as a pure-play advisory platform rather than a balance-sheet-driven financial institution. That focus gives it a distinctive positioning versus larger universal banks, especially in transactions requiring tailored sector expertise and a highly analytical approach.([hl.com](https://hl.com/about-us/newsroom/houlihan-lokey-reports-fiscal-year-and-fourth-quarter-2025-financial-results/)) From a competitive standpoint, the firm is particularly well known for its strength in the middle market, where clients often value senior-level attention and independent advice over product-heavy execution. The company emphasizes its broad international reach, with offices across the Americas, Europe, the Middle East, and the Asia-Pacific region. For investors, it is also relevant that Houlihan Lokey is a “controlled company” under NYSE rules, reflecting a voting structure that gives a majority of voting power to the HL Voting Trust.([sec.gov](https://www.sec.gov/Archives/edgar/data/1302215/000130221525000087/hlify2510k.pdf)) The company’s main products and services are advisory in nature: M&A advisory, capital raising and financing advisory, restructuring advisory, and valuation services. Its client base spans public and private companies, financial sponsors, and sovereign or quasi-sovereign entities. This diversification helps cushion earnings through different market regimes: strong M&A markets support advisory fees, while periods of stress can boost restructuring demand.([sec.gov](https://www.sec.gov/Archives/edgar/data/1302215/000130221525000087/hlify2510k.pdf)) Recent corporate developments reinforce the firm’s growth strategy. On May 7, 2025, Houlihan Lokey reported fiscal year and fourth-quarter 2025 financial results for the year ended March 31, 2025, underscoring the company’s current reporting cycle and performance momentum. On June 2, 2025, it announced a senior hire into its Global Technology Group, specifically to deepen coverage in infrastructure software, highlighting continued investment in high-value subsectors. For investors following SEC Form 4 insider activity, HLI remains a closely watched advisory franchise on the NYSE, with a business mix tied to capital markets, deal activity, and restructuring cycles in the United States and abroad.([hl.com](https://hl.com/about-us/newsroom/houlihan-lokey-reports-fiscal-year-and-fourth-quarter-2025-financial-results/))