SCHEDULE 13G/A: BlackRock Discloses 8.9% Stake in Houlihan Lokey Class A Stock

BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 8.9% of Houlihan Lokey, Inc.'s Class A Stock as of March 31, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 4,803,603 shares of Houlihan Lokey, Inc.'s Class A Stock.
• This ownership represents 8.9% of the total Class A Stock outstanding.
• BlackRock holds sole voting power over 4,700,945 shares and sole dispositive power over 4,803,603 shares.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating a change from a previous filing.
• The ownership is held in the ordinary course of business and not for the purpose of changing or influencing control of Houlihan Lokey, Inc.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., beneficially owns 5% or greater of the outstanding shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative performance indicators for the issuer.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Houlihan Lokey, Inc.'s future performance or BlackRock's investment strategy beyond the passive nature of the holding.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11." Spencer Fleming, Managing Director, BlackRock, Inc.

Industry Context

This filing indicates a significant passive ownership stake by BlackRock, one of the world's largest asset managers, in Houlihan Lokey, a global investment bank. Such disclosures are common for large institutional investors who hold substantial positions in publicly traded companies for investment purposes, rather than to exert control. It reflects BlackRock's continued investment in the financial services sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming BlackRock's passive investment intent.
• Management: Awareness of a large, passive institutional investor on their shareholder register.

Key Dates

Keywords

BlackRock, Houlihan Lokey, HLI, Schedule 13G, Beneficial Ownership, Institutional Investor, Class A Stock, Investment Management, Financial Services