Is it Great to Invest in Houlihan Lokey (HLI)?

Baron Funds, an asset management firm, published its “Baron FinTech Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.53% was delivered by the fund’s institutional shares for the fourth quarter of 2021, compared to its benchmarks, the S&P 500 Index, which appreciated 11.03%, and the FactSet Global FinTech Index which rose 7.68% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Baron FinTech Fund, in its Q4 2021 investor letter, mentioned Houlihan Lokey, Inc. (NYSE:HLI) and discussed its stance on the firm. Founded in 1972, Houlihan Lokey, Inc. (NYSE:HLI) is a Los Angeles, California-based multinational independent investment bank and financial services company with a $6.4 billion market capitalization, and is currently spearheaded by its CEO, Scott Beiser. Houlihan Lokey, Inc. (NYSE:HLI) delivered a -7.34% return since the beginning of the year, while its 12-month returns are up by 40.60%. The stock closed at $95.92 per share on March 14, 2022.

Here is what Baron FinTech Fund has to say about Houlihan Lokey, Inc. (NYSE:HLI) in its Q4 2021 investor letter:

“Another standout in Capital Markets was advisory firm Houlihan Lokey, Inc., which nearly doubled revenues in the most recent quarter and completed a large, accretive acquisition of another advisory firm that significantly expands its global presence.”

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Our calculations show that Houlihan Lokey, Inc. (NYSE:HLI) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Houlihan Lokey, Inc. (NYSE:HLI) was in 21 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 18 funds in the previous quarter. Houlihan Lokey, Inc. (NYSE:HLI) delivered a -3.97% return in the past 3 months.

In June 2021, we also shared another hedge fund’s views on Houlihan Lokey, Inc. (NYSE:HLI) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.