HLNE
Hamilton Lane Incorporated
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Sell
-32/100
Last price
86.50
▼ 0.83 (0.95%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
88.17
Prev close
87.33
Day high
88.30
Day low
86.49
Volume
459.30K
Market cap
$5.80B
P/E (TTM)
13.33
52W range
71.88 – 155.66
Day trading desk
Gap from prior close
+0.96%
Prior close 87.33
VWAP
86.83
-0.38% from price
Relative volume
1.12×
Normal
Session range
7.41%
82.20 – 88.29
Position in range
71%
Near session high
ATR (14D)
3.34
3.86% of price
Prior day high
87.92
PDH
Prior day low
85.24
PDL
Bid / ask spread
—
Quote not published
Session volume
738.79K
Avg 662.31K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.73%
-1.2%
1M
-16.07%
-17.2%
3M
+9.55%
+5.0%
6M
-10.43%
-28.6%
YTD
-35.60%
-49.8%
1Y
-32.21%
-48.6%
3Y
-4.36%
-86.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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.
Free account
5 more panels on HLNE open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
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
4.91M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 16, 26 | VARON LESLIE F. Director |
STOCK | 977 | $0 | Direct |
| Sep 16, 26 | SCHMERTZLER MICHAEL Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 977 | $0 | Direct |
| Sep 16, 26 | SEXTON O GRIFFITH Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 1.95K | $0 | Direct |
| Sep 10, 26 | DELGADO-MOREIRA JUAN Chief Executive Officer |
STOCK | 50.00K | $0 | Direct |
| 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 | DELGADO-MOREIRA JUAN Chief Executive Officer |
STOCK | 38.09K | $0 | 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 27, 26 | ROGERS HARTLEY R Officer, Director and Beneficial Owner |
BUY | 110.93K | $9.99M |
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 Gift |
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 | 24.22K | Stock Award(Grant) |
VARON LESLIE F. |
Director | 10.63K | Stock Award(Grant) |
Fundamentals
Market cap$5.80B
Enterprise value$4.49B
Revenue (TTM)$858.37M
Gross profit$520.68M
EBITDA$384.32M
Net income$275.90M
EPS (TTM)$6.49
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 float10.19%
Dividend yield2.75%
Beta (5Y)1.25
Valuation & profitability ratios
Trailing P/E13.33
Forward P/E11.79
PEG ratio—
Price / sales—
Price / book3.94
EV / revenue5.23
EV / EBITDA11.67
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 | YoY |
|---|---|---|---|---|---|
| Total revenue | $758.99M | $712.96M | $553.84M | $528.75M | +6.5% |
| Operating revenue | $758.99M | $712.96M | $553.84M | $528.75M | +6.5% |
| Cost of revenue | $228.63M | $208.22M | $166.39M | $149.32M | +9.8% |
| Gross profit | $530.36M | $504.74M | $387.45M | $379.44M | +5.1% |
| Selling, general & admin | $205.42M | $188.19M | $141.63M | $139.40M | +9.2% |
| Total operating expense | $205.42M | $188.19M | $141.63M | $139.40M | +9.2% |
| Operating income | $324.94M | $316.55M | $245.82M | $240.04M | +2.7% |
| Net interest income | -$1.67M | -$5.25M | -$1.17M | -$3.50M | +68.2% |
| Pre-tax income | $462.92M | $362.28M | $281.66M | $242.61M | +27.8% |
| Tax provision | $75.20M | $48.51M | $54.45M | $55.42M | +55.0% |
| Net income | $249.18M | $217.42M | $140.86M | $109.12M | +14.6% |
| Net income to common | $249.18M | $217.42M | $140.86M | $112.93M | +14.6% |
| Basic EPS | 5.99 | 5.45 | 3.72 | 3.05 | +9.9% |
| Diluted EPS | 5.92 | 5.41 | 3.69 | 3.01 | +9.4% |
| EBIT | $477.88M | $375.61M | $292.84M | $251.23M | +27.2% |
| EBITDA | $487.75M | $384.89M | $301.02M | $258.67M | +26.7% |
| Basic shares | 41.61M | 39.92M | 37.86M | 37.06M | +4.2% |
| Diluted shares | 54.47M | 40.31M | 53.90M | 53.70M | +35.1% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $363.90M | $277.27M | $114.63M | $111.75M | +31.2% |
| Cash & short-term investments | $363.90M | $277.27M | $114.63M | $111.75M | +31.2% |
| Accounts receivable | $151.82M | $181.41M | $108.29M | $47.14M | -16.3% |
| Total current assets | $561.34M | $492.49M | $247.13M | $182.72M | +14.0% |
| Property, plant & equipment | $96.42M | $99.00M | $95.44M | $90.75M | -2.6% |
| Goodwill & intangibles | — | — | $14.15M | $15.85M | — |
| Total assets | $2.30B | $1.69B | $1.27B | $1.14B | +36.4% |
| Total current liabilities | $346.23M | $293.16M | $247.37M | $210.03M | +18.1% |
| Long-term debt | $278.42M | $290.30M | $196.16M | $213.53M | -4.1% |
| Total debt | $356.48M | $368.32M | $275.19M | $292.35M | -3.2% |
| Total liabilities | $838.36M | $766.46M | $595.24M | $566.35M | +9.4% |
| Retained earnings | $614.69M | $455.51M | $316.70M | $243.82M | +34.9% |
| Shareholder equity | $915.23M | $717.28M | $525.15M | $415.44M | +27.6% |
| Working capital | $215.11M | $199.33M | -$237.00K | -$27.31M | +7.9% |
| Net tangible assets | $915.23M | $717.28M | $525.15M | $399.59M | +27.6% |
| Shares issued | 43.70M | 43.50M | 40.55M | 38.61M | +0.5% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | $387.72M | $313.77M | $227.21M | $187.19M | +23.6% |
| Depreciation & amortisation | $9.88M | $9.29M | $8.19M | $7.44M | +6.4% |
| Stock-based compensation | $51.15M | $31.41M | $12.13M | $9.95M | +62.9% |
| Change in working capital | $42.31M | -$60.86M | -$42.36M | -$19.47M | +169.5% |
| Operating cash flow | $424.92M | $300.82M | $120.85M | $226.59M | +41.3% |
| Capital expenditure | -$5.84M | -$12.16M | -$11.07M | -$4.75M | +51.9% |
| Investing cash flow | -$494.82M | -$117.58M | -$122.18M | $177.91M | -320.9% |
| Share buybacks | -$24.60M | -$5.47M | -$3.51M | -$280.53M | -349.7% |
| Dividends paid | -$141.84M | -$119.80M | -$109.28M | -$135.85M | -18.4% |
| Financing cash flow | $155.78M | -$19.16M | $4.40M | -$364.15M | +913.2% |
| Free cash flow | $419.07M | $288.66M | $109.78M | $221.84M | +45.2% |
| End cash position | $371.90M | $283.60M | $119.62M | $116.55M | +31.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $275.33M | $193.57M | $198.59M | $190.88M | $175.96M | — | +42.2% |
| Operating revenue | $275.33M | $193.57M | $198.59M | $190.88M | $175.96M | — | +42.2% |
| Cost of revenue | $83.33M | $58.50M | $60.89M | $55.73M | $53.52M | — | +42.4% |
| Gross profit | $192.00M | $135.07M | $137.70M | $135.15M | $122.44M | — | +42.2% |
| Selling, general & admin | $65.53M | $52.82M | $51.70M | $55.43M | $45.47M | — | +24.1% |
| Total operating expense | $65.53M | $52.82M | $51.70M | $55.43M | $45.47M | — | +24.1% |
| Operating income | $126.47M | $82.25M | $86.01M | $79.72M | $76.97M | — | +53.8% |
| Net interest income | $613.00K | -$140.00K | $10.00K | -$715.00K | -$822.00K | — | +537.9% |
| Pre-tax income | $149.97M | $129.84M | $120.05M | $117.58M | $95.45M | — | +15.5% |
| Tax provision | $25.08M | $15.59M | $27.25M | $13.98M | $18.38M | — | +60.9% |
| Net income | $80.46M | $66.17M | $58.37M | $70.89M | $53.74M | — | +21.6% |
| Net income to common | $80.46M | $66.17M | $58.37M | $70.89M | $53.74M | — | +21.6% |
| Basic EPS | 1.94 | — | 1.40 | 1.71 | 1.30 | 1.24 | — |
| Diluted EPS | 1.93 | — | 1.37 | 1.69 | 1.28 | 1.23 | — |
| EBIT | $153.46M | $133.42M | $123.74M | $121.41M | $99.31M | — | +15.0% |
| EBITDA | $155.99M | $135.82M | $126.17M | $123.93M | $101.83M | — | +14.8% |
| Basic shares | 41.50M | — | 41.80M | 41.50M | 41.37M | 40.58M | — |
| Diluted shares | 54.02M | — | 54.46M | 54.50M | 54.47M | 41.01M | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $341.72M | $363.90M | $340.19M | $326.56M | $315.88M | -6.1% |
| Cash & short-term investments | $341.72M | $363.90M | $340.19M | $326.56M | $315.88M | -6.1% |
| Accounts receivable | $228.01M | $151.82M | $171.81M | $138.10M | $158.06M | +50.2% |
| Total current assets | $612.44M | $561.34M | $567.55M | $515.30M | $510.89M | +9.1% |
| Property, plant & equipment | $108.69M | $96.42M | $99.01M | $94.47M | $96.68M | +12.7% |
| Total assets | $2.54B | $2.30B | $2.17B | $1.98B | $1.80B | +10.1% |
| Total current liabilities | $307.39M | $346.23M | $318.23M | $314.46M | $318.42M | -11.2% |
| Long-term debt | $274.20M | $278.42M | $279.51M | $285.61M | $288.58M | -1.5% |
| Total debt | $364.79M | $356.48M | $359.84M | $361.17M | $365.49M | +2.3% |
| Total liabilities | $846.63M | $838.36M | $844.76M | $822.27M | $806.99M | +1.0% |
| Retained earnings | $670.46M | $614.69M | $571.04M | $535.24M | $486.91M | +9.1% |
| Shareholder equity | $939.28M | $915.23M | $877.39M | $825.82M | $758.80M | +2.6% |
| Working capital | $305.05M | $215.11M | $249.32M | $200.85M | $192.47M | +41.8% |
| Net tangible assets | $939.28M | $915.23M | $877.39M | $825.82M | $758.80M | +2.6% |
| Shares issued | 55.19M | 43.70M | 43.95M | 43.97M | 43.50M | +26.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $124.88M | $114.25M | $92.80M | $103.60M | $77.07M | +9.3% |
| Depreciation & amortisation | $2.53M | $2.40M | $2.43M | $2.52M | $2.53M | +5.2% |
| Stock-based compensation | $12.91M | $12.97M | $12.99M | $12.39M | $12.80M | -0.5% |
| Change in working capital | -$63.78M | $17.29M | -$25.93M | $15.50M | $35.45M | -468.9% |
| Operating cash flow | $77.15M | $102.97M | $74.11M | $118.90M | $128.93M | -25.1% |
| Capital expenditure | -$1.80M | -$1.75M | -$1.67M | -$1.09M | -$1.34M | -3.2% |
| Investing cash flow | -$146.93M | -$149.80M | -$117.10M | -$134.11M | -$93.81M | +1.9% |
| Share buybacks | -$50.62M | -$23.16M | -$595.00K | -$835.00K | -$7.00K | -118.6% |
| Dividends paid | -$38.01M | -$33.18M | -$32.89M | -$39.51M | -$36.26M | -14.6% |
| Financing cash flow | $47.80M | $69.34M | $56.71M | $26.46M | $3.26M | -31.1% |
| Free cash flow | $75.35M | $101.23M | $72.45M | $117.81M | $127.59M | -25.6% |
| End cash position | $349.73M | $371.90M | $347.98M | $334.35M | $322.14M | -6.0% |
Options analytics
Put / call volume
2.61
Put-heavy session
Put / call open interest
4.52
Positioning, not flow
Max pain
95.00
+9.8% from spot
ATM implied vol
55.5%
Nearest strike to spot
Skew (10% OTM)
-26.7%
Calls bid over puts
Call volume
33
Contracts, this expiry
Put volume
86
Contracts, this expiry
Heaviest call OI
95.00
23 contracts
Heaviest put OI
90.00
101 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.
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 | 1.71 | 6 | $214.95M | +12.6% |
| Next quarter | 1.67 | 6 | $228.18M | +14.9% |
| Current year | 7.43 | 6 | $948.81M | +25.0% |
| Next year | 7.34 | 5 | $1.05B | +10.4% |
Analyst targets & ownership
Mean target$129.38
High target$181.00
Low target$103.00
Implied upside49.57%
Analyst count8
ConsensusSTRONG BUY
Strong buy / Buy2 / 5
Hold1
Sell / Strong sell0 / 0
Held by insiders11.45%
Held by institutions110.12%
Institutions holding518
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
86.44
+0.07% from price
SMA 20
89.31
-3.15% from price
SMA 50
96.56
-10.42% from price
SMA 100
89.59
-3.45% from price
SMA 200
102.73
-15.80% from price
EMA 12
87.88
-1.58% from price
EMA 26
90.91
-4.85% from price
EMA 50
92.45
-6.44% from price
RSI (14)
36.8
Neutral
MACD (12,26,9)
-3.02
Hist 0.10
ATR (14)
3.34
3.86% of price
Realised vol 30D
28.6%
Annualised
Bollinger upper
97.56
20, 2σ
Bollinger lower
81.05
20, 2σ
50 / 200 cross
Death
96.56 vs 102.73
Trend bias
Below 200
-15.80%
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.
Risk profile
Beta vs SPY
1.15
More volatile than market
Correlation to SPY
0.36
Loosely linked
Realised vol 30D
28.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-52.0%
Peak to trough
Max drawdown 5Y
-63.4%
Peak to trough
ATR 14
3.34
3.86% of price
Beta (reported)
1.25
5Y monthly, from filing
Short interest
Shares short
3.68M
Prior 3.58M
Change vs prior
+2.6%
Shorts adding
% of float
10.19%
Elevated
% of shares out
6.66%
Against total outstanding
Days to cover
7.1
Crowded exit
Float
39.86M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 2, 26 | Wells Fargo | INITIATED | — | Overweight |
| Aug 27, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 5, 26 | UBS | MAINTAINED | Buy | Buy |
| Aug 5, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Aug 5, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jul 21, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 17, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| Jul 10, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jun 30, 26 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Jun 18, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| May 22, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| May 22, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate$2.40 / yr
Forward yield2.75%
5-year avg yield1.64%
Payout ratio33.84%
Ex-dividend dateSep 21, 2026
Next pay dateOct 6, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-10
Corporate Changes & Voting Matters
8-K · 2026-08-04
Proxy Statements
DEF 14A · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-05-21
Corporate Changes & Voting Matters
8-K · 2026-02-20
Corporate Changes & Voting Matters
8-K · 2026-02-03
Periodic Financial Reports
10-Q · 2025-11-04
Corporate Changes & Voting Matters
8-K · 2025-10-06
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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