Why Is HOULIHAN LOKEY INC A (HLI) Stock Down Today?

HLI stock fell 12.17% to $122.16 in early trading on July 30, 2026, driven by a significant earnings miss and a sharp drop in revenue. The company reported first-quarter non-GAAP earnings per share of $1.35, which was $0.29 below expectations. Revenue of $511 million also came in $88.29 million below the estimated $629.957 million, marking a 15.6% year-over-year decline. The results were released alongside an earnings call and a slide deck, with the 8-K filing providing further details on the company’s financial condition.

The stock opened at $122.85, a -11.7% gap down from the previous close of $139.08. It quickly fell to a session low of $112.83 before stabilizing slightly. The intraday volume of 0.6 million shares was above the 3-month average by 20%, suggesting heightened investor activity. The stock is currently trading within its 52-week range of $130.72 to $211.78, and its fundamentals include a market cap of $10.0 billion, a P/E ratio of 22.4, and a net margin of 16.3%. The company’s forward dividend yield remains at 2.01%, despite the sharp price decline.

What The Data Shows: The stock’s beta of 0.96 indicates it is slightly less volatile than the broader market. Recent insider transactions show one sale of $941,000 by Beiser Scott L on May 21. Congressional trades include two buys and three sells in the last 90 days, with the most recent activity on June 10. No unusual options activity or significant short interest data is reported.

What To Watch: The company’s next earnings date is not provided, but investors will likely monitor the breadth of coverage and analyst reactions as the stock continues to trade in a volatile session.