HLNE
Hamilton Lane Incorporated
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Last price
105.35
▲ 1.29 (1.24%)
MARKET · —
Price
Open
104.06
Prev close
104.06
Day high
106.40
Day low
104.21
Volume
440.57K
Market cap
$5.81B
P/E (TTM)
15.84
52W range
71.88 – 156.67
Trailing performance
Returnvs SPY
1W
+1.06%
+2.4%
1M
+29.82%
+26.1%
3M
+18.92%
+15.8%
6M
-1.56%
-12.6%
YTD
-21.56%
-33.9%
1Y
-29.96%
-50.0%
3Y
+14.32%
-59.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$5.81B
Enterprise value$5.29B
Revenue (TTM)$858.37M
Gross profit$520.68M
EBITDA$384.32M
Net income$275.90M
EPS (TTM)$6.65
Free cash flow$231.40M
Total cash$337.02M
Total debt$364.79M
Book value / share$21.93
Shares outstanding43.35M
Float39.86M
Short % of float10.96%
Dividend yield2.28%
Beta (5Y)1.17
Valuation & profitability ratios
Trailing P/E15.84
Forward P/E14.28
PEG ratio—
Price / sales—
Price / book4.80
EV / revenue6.17
EV / EBITDA13.77
Gross margin60.66%
Operating margin45.93%
Profit margin32.14%
Return on equity32.42%
Return on assets10.78%
Debt / equity21.56
Current ratio4.11
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Total revenue | $758.99M | $712.96M | $451.90M | $528.75M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $0 | $217.42M | $140.90M | $109.10M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Net income | $0 | $217.42M | $140.90M | $109.10M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.59 | 1.94 | +22.2% |
| Mar 2026 | 1.43 | 1.49 | +4.5% |
| Dec 2025 | 1.33 | 1.55 | +16.9% |
| Sep 2025 | 1.10 | 1.54 | +39.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.75 | 5 | $225.65M | +18.2% |
| Next quarter | 1.73 | 5 | $236.79M | +19.2% |
| Current year | 7.60 | 4 | $1.00B | +31.9% |
| Next year | 7.38 | 5 | $1.06B | +6.2% |
Analyst targets & ownership
Mean target$133.57
High target$182.00
Low target$105.00
Implied upside26.79%
Analyst count7
ConsensusBUY
Strong buy / Buy2 / 4
Hold1
Sell / Strong sell0 / 0
Held by insiders11.56%
Held by institutions110.08%
Institutions holding522
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
4.95M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 11, 26 | BERKMAN DAVID J Director |
BUY | 15.00K | $1.14M | Indirect |
| Jun 11, 26 | ROGERS HARTLEY R Officer, Director and Beneficial Owner |
BUY | 38.29K | $3.01M | Direct |
| Jun 11, 26 | KRAMER ANDREA ANIGATI Chief Operating Officer |
BUY | 1.28K | $99.38K | Direct |
| May 29, 26 | HIRSCH ERIK R Chief Executive Officer |
STOCK | 42.15K | $0 | Direct |
| May 29, 26 | KRAMER ANDREA ANIGATI Chief Operating Officer |
STOCK | 3.60K | $5.26K | Direct |
| May 29, 26 | GAVALIS LYDIA A. General Counsel |
STOCK | 1.14K | $0 | Direct |
| May 29, 26 | CARL DREW THOMAS Officer |
STOCK | 675 | $0 | Direct |
| May 29, 26 | ARMBRISTER JEFFREY BRIAN Chief Financial Officer |
STOCK | 2.11K | $0 | Direct |
| May 29, 26 | DELGADO-MOREIRA JUAN Chief Executive Officer |
STOCK | 38.09K | $0 | Direct |
| May 27, 26 | ROGERS HARTLEY R Officer, Director and Beneficial Owner |
BUY | 110.93K | $9.99M | |
| Feb 24, 26 | BERKMAN DAVID J Director |
BUY | 10.00K | $1.01M | Indirect |
| Feb 20, 26 | DELGADO-MOREIRA JUAN Chief Executive Officer |
BUY | 9.22K | $989.31K | Direct |
| Feb 20, 26 | HIRSCH ERIK R Chief Executive Officer |
BUY | 9.22K | $988.26K | Direct |
| Feb 20, 26 | KRAMER ANDREA ANIGATI Chief Operating Officer |
BUY | 2.33K | $250.01K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ARMBRISTER JEFFREY BRIAN |
Chief Financial Officer | 12.96K | Stock Award(Grant) |
BERKMAN DAVID J |
Director | — | Purchase |
DELGADO-MOREIRA JUAN |
Chief Executive Officer | 1.38M | Stock Award(Grant) |
FRENCH RIVER 5 LTD |
Beneficial Owner of more than 10% of a Class of Security | 330.01K | Sale |
GAVALIS LYDIA A. |
General Counsel | 34.03K | Stock Award(Grant) |
HIRSCH ERIK R |
Chief Executive Officer | 105.73K | Stock Award(Grant) |
KRAMER ANDREA ANIGATI |
Chief Operating Officer | 87.35K | Purchase |
ROGERS HARTLEY R |
Officer, Director and Beneficial Owner | 149.22K | Purchase |
SEXTON O GRIFFITH |
Director and Beneficial Owner of more than 10% of a Class of Security | 22.27K | Stock Award(Grant) |
VARON LESLIE F. |
Director | 9.66K | Stock Award(Grant) |
Moving averages & technicals
SMA 10
103.61
+1.68% from price
SMA 20
98.84
+6.59% from price
SMA 50
88.05
+19.64% from price
SMA 100
89.86
+17.23% from price
SMA 200
107.70
-2.18% from price
EMA 12
101.94
+3.35% from price
EMA 26
96.99
+8.62% from price
EMA 50
93.04
+13.23% from price
RSI (14)
65.3
Neutral
MACD (12,26,9)
4.95
Hist 0.01
ATR (14)
4.22
4.01% of price
Realised vol 30D
43.4%
Annualised
Bollinger upper
111.60
20, 2σ
Bollinger lower
86.08
20, 2σ
50 / 200 cross
Death
88.05 vs 107.70
Trend bias
Below 200
-2.18%
Risk profile
Beta vs SPY
1.17
More volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
43.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-52.9%
Peak to trough
Max drawdown 5Y
-63.4%
Peak to trough
ATR 14
4.22
4.01% of price
Beta (reported)
1.17
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
1.83
Put-heavy session
Put / call open interest
1.62
Positioning, not flow
Max pain
100.00
-5.1% from spot
ATM implied vol
51.0%
Nearest strike to spot
Skew (10% OTM)
+2.3%
Puts bid over calls
Call volume
18
Contracts, this expiry
Put volume
33
Contracts, this expiry
Heaviest call OI
110.00
22 contracts
Heaviest put OI
95.00
47 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Q2 Custody Bank Earnings Review: First Prize Goes to Hamilton Lane (NASDAQ:HLNE)
StockStory · 4d ago
1 of Wall Street’s Favorite Stocks for Long-Term Investors and 2 Facing Challenges
StockStory · 9d ago
The Top 5 Analyst Questions From Hamilton Lane’s Q2 Earnings Call
StockStory · 9d ago
Public Alternative Asset Managers See Wealth AUM Rise
Wealth Management · 10d ago
Hamilton Lane (HLNE) Q1 2027 Earnings Call Transcript
Motley Fool · 11d ago
Why Hamilton Lane (HLNE) Is Up 5.7% After Strong Q1 Earnings And An 11% Dividend Hike
Simply Wall St. · 11d ago
Earnings Estimates Rising for Hamilton Lane (HLNE): Will It Gain?
Zacks · 12d ago
Wall Street Analysts Predict a 30.37% Upside in Hamilton Lane (HLNE): Here's What You Should Know
Zacks · 12d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.