EARNEST Partners Maintains 2.66M Shares in Houlihan Lokey
Ticker: HLI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1302215
| Field | Detail |
|---|---|
| Company | Houlihan Lokey, Inc. (HLI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A
TL;DR
**EARNEST Partners still holds over 2.6 million shares of Houlihan Lokey, signaling continued institutional confidence.**
AI Summary
EARNEST Partners, LLC, an investment adviser based in Delaware, filed an amended SC 13G/A on February 12, 2024, indicating its ownership of 2,660,992 shares of Houlihan Lokey, Inc.'s Class A Common Stock as of December 31, 2023. This filing updates their previous disclosure, showing they hold sole voting and dispositive power over these shares. This matters to investors because it confirms a significant institutional holder's continued, substantial stake in Houlihan Lokey, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms a major institutional investor's continued significant stake in Houlihan Lokey, which can be seen as a vote of confidence in the company's stability and future performance.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor, indicating no immediate or significant change in risk for the stock.
Analyst Insight
A smart investor would note this filing as confirmation of continued institutional interest in Houlihan Lokey, but would also look for changes in ownership percentage in future filings to gauge any shifts in conviction.
Key Numbers
- 2,660,992 — Shares owned by EARNEST Partners, LLC (Represents the sole voting and dispositive power held by EARNEST Partners, LLC over Houlihan Lokey's Class A Common Stock as of December 31, 2023.)
- 441593100 — CUSIP Number (Identifies the Class A Common Stock of Houlihan Lokey, Inc.)
- December 31, 2023 — Date of Event (The date as of which the ownership stake was reported.)
- February 12, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
Key Players & Entities
- EARNEST Partners, LLC (company) — the reporting person and institutional investor
- Houlihan Lokey, Inc. (company) — the issuer of the securities
- Delaware (company) — place of organization for EARNEST Partners, LLC
- Class A Common Stock (company) — the type of securities owned
Forward-Looking Statements
- EARNEST Partners, LLC will maintain a significant stake in Houlihan Lokey, Inc. for the foreseeable future. (EARNEST Partners, LLC) — medium confidence, target: Q4 2024
FAQ
What is the purpose of this SC 13G/A filing by EARNEST Partners, LLC?
This SC 13G/A filing is an amendment (Amendment No. 2) to a Schedule 13G, indicating an update to EARNEST Partners, LLC's beneficial ownership of Houlihan Lokey, Inc.'s Class A Common Stock as of December 31, 2023, filed under Rule 13d-1(b).
How many shares of Houlihan Lokey, Inc. Class A Common Stock does EARNEST Partners, LLC beneficially own according to this filing?
EARNEST Partners, LLC beneficially owns 2,660,992 shares of Houlihan Lokey, Inc.'s Class A Common Stock, over which it holds sole voting power and sole dispositive power, as reported on December 31, 2023.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Class A Common Stock of Houlihan Lokey, Inc. is 441593100, as stated in the filing.
When was the event that required this filing, and when was the filing submitted?
The date of the event which required the filing of this statement was December 31, 2023, and the filing itself was submitted to the SEC on February 12, 2024.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding HOULIHAN LOKEY, INC. (HLI).