HLI
Houlihan Lokey, Inc. Financial Services - Capital Markets Investor Relations →
Houlihan Lokey, Inc. (HLI) closed at $140.77 as of 2026-06-19, trading 4.6% above its 200-week moving average of $134.59. The stock moved further from the line this week, up from 2.7% last week. The 14-week RSI sits at 52, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.04 ratio) is neutral — neither side is clearly dominating.
Over the past 518 weeks of data, HLI has crossed below its 200-week moving average 1 time. On average, these episodes lasted 1 weeks. Historically, investors who bought HLI at the start of these episodes saw an average one-year return of +66.1%.
With a market cap of $9.7 billion, HLI is a mid-cap stock. Return on equity stands at 18.3%, a solid level. The stock trades at 4.2x book value.
Over the past 10 years, a hypothetical investment of $100 in HLI would have grown to $755, compared to $404 for the S&P 500. That represents an annualized return of 22.4% vs 15.0% for the index — confirming HLI as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 99.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HLI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HLI Crosses Below the Line?
Across 1 historical episodes, buying HLI when it crossed below its 200-week moving average produced an average return of +63.0% after 12 months (median +63.0%), compared to +16.0% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +119.0% vs +35.0% for the index.
Each line shows $100 invested at the moment HLI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices HLI would reach each dislocation threshold.
Dislocation Price Levels
Prices where HLI's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-28.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $112.48 | Unusually cheap — potential buy zone |
| Value | +1σ | $123.60 | Cheap vs. own history |
| Fair Value | +0σ | $137.17 | Historical mean behavior |
| Expensive | -1σ | $154.08 | Expensive vs. own history |
| Deep Expensive | -2σ | $175.74 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from HLI's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
HLI has crossed below its 200-week MA 1 time with an average 1-year return of +66.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2016 | Aug 2016 | 1 | 0.8% | +66.1% | +655.0% |
| Average | 1 | — | +66.1% | — |
Frequently Asked Questions
Is HLI below its 200-week moving average?
No. Houlihan Lokey, Inc. (HLI) is currently 4.6% above its 200-week moving average of $134.59. It would need to fall to $134.59 to cross below the line.
What is HLI's 200-week moving average price?
Houlihan Lokey, Inc.'s 200-week moving average is $134.59 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HLI drops below its 200-week moving average?
HLI has crossed below its 200-week moving average 1 time in our data. On average, buying at that moment produced a one-year return of +66.1%. These dips have historically been decent entry points. These episodes lasted 1 weeks on average.
Is HLI a good value right now?
Here's what our data says about HLI as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 52. Return on equity is 18.3%. Price-to-book is 4.2x. This is not a buy or sell recommendation — always do your own research.
How does HLI compare to the S&P 500?
Over the past 10 years, $100 invested in HLI would have grown to $755, compared to $404 for the S&P 500. That's 22.4% annualized vs 15.0% for the index. HLI has outperformed the broader market over this period.
Does HLI pay a dividend?
Yes. Houlihan Lokey, Inc. currently pays a dividend yield of 196.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19