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HLI News
HLI Events
Houlihan Lokey Appoints Prabha Sipi Bhandari as Chief Legal Officer
Houlihan Lokey announced the appointment of Prabha Sipi Bhandari as Chief Legal Officer, with responsibility for overseeing all legal and compliance activities globally, and she will serve as corporate secretary to the firm's board of directors. In that capacity, she will serve as an Executive Officer of the firm. Ms. Bhandari succeeds Christopher Crain, who has served as Houlihan Lokey's General Counsel since 2004. Bhandari joins Houlihan Lokey from Paychex, where she served as Chief Legal Officer, Chief Ethics Officer, and Secretary. Crain will move to the role of Corporate Senior Advisor, assisting with the leadership transition of the firm's Legal and Compliance department to Ms. Bhandari and then advising the firm's senior management on a range of non-legal matters.
Houlihan Lokey Opens New Office in West Palm Beach, Florida
Houlihan Lokey has opened a new office in West Palm Beach, Florida. The new location reflects the firm's deeper commitment to one of the country's fastest-growing business and financial communities and builds upon the firm's longtime presence in Miami.
Houlihan Lokey Plans to Offer Class A Common Stock
Houlihan Lokey may offer and sell shares of its Class A common stock and selling securityholders may also offer and sell shares of its Class A common stock, in each case from time to time in one or more offerings.
Major US Indices Close Lower, Semiconductor Stocks Plummet
All major US indices finished the day at the lows and even a less hawkish than feared FOMC decision failed to backstop the AI capex trade gone awry. Tech and Industrials were the worst performing sectors in the S&P500 as Semiconductors, Semi Equipment, and Hardware names continued to unravel with massive drawdowns. Micronfell another 10% while KLA Corp- which reported results overnight - was down 11%. Among notable Industrials, Lennox Internationalfell over 20% despite a Q2 earnings beat as its management cut earnings guidance for the year. The sparse positive column once again featured Consumer Staples, with Walmartnow having risen for 4 consecutive sessions.In the opening hour of the evening session, equity futures are modestly higher - S&P e-minis are up 0.4%, Nasdaq 100 is up 0.6%, and Dow Industrials are up 0.3%. Investors are still digesting today's FOMC decision to keep rates intact with mostly unchanged accompanying statement while also watching diverging price action from Microsoftand Metaafter their earnings reports and updates on spending plans.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGSSilicon Motion Technologyup 10.6%Fortinetup 10.5%FormFactorup 10.4%Glaukosup 8.7%Microsoftup 8.6%Lam Researchup 6.1%Chipotle Mexican Grillup 5.9%GFL Environmentalup 5.7%Pitney Bowesup 5.2%Starbucksup 4.9%Everforthup 4.7%ALSO HIGHERFive9up 7.1% after admission into S&P SmallCap 600 indexDOWN AFTER EARNINGSFair Isaacdown 9.3%Carvanadown 7.7%Houlihan Lokeydown 6.9%Meta Platformsdown 6.5%Arm Holdingsdown 6.1%Align Technologydown 6.1%QUALCOMMdown 3.6%Robinhood Marketsdown 1.0%
Houlihan Lokey Reports Q1 Revenue of $511M
Reports Q1 reveenue $511M, consensus $599.29M. "Our first quarter results reflected ongoing headwinds in our Corporate Finance business which started last quarter, including instability in the Middle East and disruptions in the technology sector, specifically in software. Given the general health of the economy and strong public market valuations, we believe these headwinds are temporary in nature and do not represent a cyclical downturn. We continue to see strong support for improved performance for the balance of the year, but it is difficult to tell when the current headwinds will subside," stated Scott Adelson, Chief Executive Officer of Houlihan Lokey.
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