🔴 HLI drops 4% after missing Q4 earnings, facing shareholder investigation, and exiting Russell 1000 Growth Index

Houlihan Lokey (HLI) is down 4% to $132.97 today, following a series of negative company-specific developments.

• The company reported fiscal fourth-quarter 2026 earnings, missing analyst forecasts for both adjusted EPS ($1.63 vs $1.79 expected) and total revenue ($636 million vs $686.3 million anticipated).
• Additionally, Kaskela Law LLC announced a shareholder investigation into Houlihan Lokey concerning potential securities law violations or breaches of fiduciary duties.
• HLI has also been dropped from the Russell 1000 Growth Benchmark.