Houlihan Lokey appoints legal chief: what it means for Houlihan Lokey stock
Published on 10/05/2026 at 02:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Houlihan Lokey (US4415931009) appointed Prabha Sipi Bhandari as chief legal officer and secretary on September 22, 2026, while Christopher M. Crain moved from general counsel to corporate senior advisor, according to StockTitan. The leadership change gives investors a concrete governance development to weigh alongside weaker fiscal 2027 first-quarter results.
Legal change adds governance detail
StockTitan reported that Bhandari will oversee Houlihan Lokey's global legal and compliance activities and serve as corporate secretary. The same September 22 filing summary said Thomas Reichert became an independent Class I director effective October 1, 2026, received a USD 120,000 restricted stock award and will serve through the 2028 annual meeting.
The appointments came with the approval of a second amended and restated incentive award plan at the September 16, 2026 annual meeting. That plan governs equity incentives for eligible participants, giving the governance update a direct connection to future compensation decisions.
First-quarter revenue fell 15.54 percent
Houlihan Lokey reported USD 511 million of revenue in the first quarter of fiscal 2027, down from USD 605 million a year earlier, according to StockTitan. Net income attributable to the company fell to USD 78 million from USD 98 million, while diluted earnings per share declined to USD 1.15 from USD 1.42.
The adjusted figures were weaker still: adjusted net income was USD 91 million versus USD 148 million, and adjusted diluted earnings per share dropped to USD 1.35 from USD 2.14. Corporate Finance revenue fell to USD 303 million, Financial Restructuring revenue reached USD 119 million and Financial and Valuation Advisory revenue grew to USD 89 million in the same period.
October 22 is the next earnings marker
Houlihan Lokey's next earnings date is October 22, 2026, according to Makkler. The reported first-quarter revenue decline makes that release an important test of whether Corporate Finance activity begins to recover from the conditions management described as temporary.
Market value after the latest session
Houlihan Lokey had a market capitalization of USD 8.8 billion as of October 2, 2026. Its 52-week range was USD 112.83 to USD 204.18 on the same date, while the company traded on the NYSE under ticker HLI.
Houlihan Lokey stock facts
- Company: Houlihan Lokey, Inc.
- ISIN: US4415931009
- Ticker: HLI
- Primary exchange: NYSE
- Market capitalization: USD 8.8 billion as of October 2, 2026
- 52-week range: USD 112.83-204.18 as of October 2, 2026
- Sector / Industry: Financial Services / Investment - Banking and Investment Services
- Next earnings date: October 22, 2026
