Symbols / HLNE Stock $103.16 -2.67% Hamilton Lane Incorporated

Financial Services • Asset Management • United States • NMS
HLNE (Stock) Chart
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About

Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets. For primary and secondary fund of fund investments, the firm focuses to invest in private equity, buyout, special situations, credit, growth equity, middle market, mature, turnarounds, mezzanine and venture capital funds. The firm prefers to invest in disruptive technologies and innovative companies. It prefers to invest in space, engine, alternative energy resources, environmental & facilities services, households durables, leisure products, textiles, manufacturing services, water purification, online training service, healthcare services & technology, energy, industrials, commercial services, internet software & services, consumer discretionary, health care, real estate, information technology, tech-enabled businesses, financials, utilities, and consumer services. The firm prefers to invest in Africa/Middle East, Asia/Pacific, Europe, Southeast Asia, Korea, China, India, Latin America and Caribbean, United States of America, New York, Florida, Arizona, Nevada, New Mexico, Oregon, Washington, California and surrounding states, Australia, Japan, Brazil, United Kingdom, and Canada. The firm prefers to invest between $0.25 million and $100 million in companies with small- to mid-sized enterprise values. It prefers to take majority stake. Hamilton Lane Incorporated was founded in 1991 and is based in Philadelphia, Pennsylvania with additional offices across Europe, North America, Asia Pacific and the Middle East.

Stock Fundamentals
Scroll to Statements
Market Cap 4.53B Enterprise Value 5.14B Income 233.51M Sales 763.40M Book/sh 19.96 Cash/sh 7.70
Dividend Yield 2.04% Payout 37.61% Employees 760 IPO P/E 18.39 Forward P/E 16.94
PEG P/S 5.94 P/B 5.17 P/C EV/EBITDA 15.27 EV/Sales 6.73
Quick Ratio 3.51 Current Ratio 3.64 Debt/Eq 27.95 LT Debt/Eq EPS (ttm) 5.61 EPS next Y 6.09
EPS Growth 4.10% Revenue Growth 18.00% Earnings 2026-05-21 ROA 10.86% ROE 31.70% ROIC
Gross Margin 60.23% Oper. Margin 43.31% Profit Margin 30.59% Shs Outstand 43.94M Shs Float 37.81M Short Float 9.19%
Short Ratio 4.11 Short Interest 52W High 179.19 52W Low 90.47 Beta 1.34 Avg Volume 753.72K
Volume 368.01K Target Price $138.14 Recom Buy Prev Close $105.99 Price $103.16 Change -2.67%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$138.14
Mean price target
2. Current target
$103.16
Latest analyst target
3. DCF / Fair value
$93.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$103.16
Low
$108.00
High
$171.00
Mean
$138.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main Morgan Stanley Equal-Weight → Equal-Weight $141
2026-04-16 up JP Morgan Neutral → Overweight $166
2026-04-13 main Oppenheimer Outperform → Outperform $171
2026-03-24 main BMO Capital Outperform → Outperform $118
2026-02-20 main UBS Buy → Buy $150
2026-02-04 main JP Morgan Neutral → Neutral $166
2026-02-04 main Oppenheimer Outperform → Outperform $230
2026-01-13 main UBS Buy → Buy $184
2026-01-08 main Keefe, Bruyette & Woods Outperform → Outperform $170
2025-12-17 main Keefe, Bruyette & Woods Outperform → Outperform $161
2025-11-06 main Keefe, Bruyette & Woods Outperform → Outperform $158
2025-10-21 main Morgan Stanley Equal-Weight → Equal-Weight $154
2025-10-14 up Oppenheimer Perform → Outperform $181
2025-10-13 up Keefe, Bruyette & Woods Market Perform → Outperform $150
2025-10-03 init BMO Capital — → Outperform $150
2025-09-18 up Goldman Sachs Sell → Neutral $162
2025-08-06 main Keefe, Bruyette & Woods Market Perform → Market Perform $168
2025-07-23 main JP Morgan Neutral → Neutral $145
2025-07-11 main Wells Fargo Equal-Weight → Equal-Weight $162
2025-06-02 main Keefe, Bruyette & Woods Market Perform → Market Perform $155
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-24 BERKMAN DAVID J Director 10,000 $101.00 $1,010,000
2026-02-20 HIRSCH ERIK R Chief Executive Officer 9,225 $107.13 $988,260
2026-02-20 KRAMER ANDREA ANIGATI Chief Operating Officer 2,325 $107.53 $250,011
2026-02-20 DELGADO-MOREIRA JUAN Chief Executive Officer 9,225 $107.10 $989,311
2026-02-06 DELGADO-MOREIRA JUAN Chief Executive Officer 14,375 $0.00 $0
2025-12-31 KRAMER ANDREA ANIGATI Chief Operating Officer 92 $114.16 $10,522
2025-12-31 CARL DREW THOMAS Officer 46 $114.16 $5,251
2025-11-07 DELGADO-MOREIRA JUAN Chief Executive Officer 8,000 $129.84 $1,042,832
2025-09-16 GRAVES REYNOLDO VANN Director 333 $0.00 $0
2025-09-16 VARON LESLIE F. Director 666 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Revenue
712.96
+28.73%
553.84
+4.74%
528.75
+43.71%
367.92
Operating Revenue
712.96
+28.73%
553.84
+4.74%
528.75
+43.71%
367.92
Cost Of Revenue
208.22
+25.14%
166.39
+11.44%
149.32
+37.75%
108.39
Reconciled Cost Of Revenue
208.22
+25.14%
166.39
+11.44%
149.32
+37.75%
108.39
Gross Profit
504.74
+30.27%
387.45
+2.11%
379.44
+46.20%
259.52
Operating Expense
188.19
+32.87%
141.63
+1.60%
139.40
+54.95%
89.96
Selling General And Administration
188.19
+32.87%
141.63
+1.60%
139.40
+54.95%
89.96
General And Administrative Expense
188.19
+32.87%
141.63
+1.60%
139.40
+54.95%
89.96
Salaries And Wages
66.28
+76.22%
37.61
-23.39%
49.09
+136.37%
20.77
Other Gand A
121.91
+17.20%
104.02
+15.19%
90.30
+30.51%
69.19
Total Expenses
396.41
+28.69%
308.02
+6.69%
288.71
+45.55%
198.35
Operating Income
316.55
+28.77%
245.82
+2.41%
240.04
+41.56%
169.56
EBITDA
384.89
+27.86%
301.02
+16.37%
258.67
-20.12%
323.81
Normalized EBITDA
384.89
+27.86%
301.02
+16.37%
258.67
-20.12%
323.81
Reconciled Depreciation
9.29
+13.43%
8.19
+9.98%
7.44
+35.45%
5.50
EBIT
375.61
+28.27%
292.84
+16.56%
251.23
-21.08%
318.31
Net Income
217.42
+54.35%
140.86
+29.09%
109.12
-25.25%
145.99
Pretax Income
362.28
+28.62%
281.66
+16.10%
242.61
-22.66%
313.68
Net Non Operating Interest Income Expense
-5.25
-350.13%
-1.17
+66.69%
-3.50
+15.35%
-4.14
Interest Expense Non Operating
13.33
+19.30%
11.18
+29.69%
8.62
+85.79%
4.64
Net Interest Income
-5.25
-350.13%
-1.17
+66.69%
-3.50
+15.35%
-4.14
Interest Expense
13.33
+19.30%
11.18
+29.69%
8.62
+85.79%
4.64
Interest Income Non Operating
8.08
-19.27%
10.01
+95.70%
5.11
+922.80%
0.50
Interest Income
8.08
-19.27%
10.01
+95.70%
5.11
+922.80%
0.50
Other Income Expense
50.98
+37.74%
37.01
+509.42%
6.07
-95.90%
148.25
Other Non Operating Income Expenses
8.43
+435.35%
-2.52
+52.03%
-5.24
-108.13%
64.47
Tax Provision
48.51
-10.92%
54.45
-1.75%
55.42
-16.56%
66.42
Tax Rate For Calcs
0.00
-30.57%
0.00
-15.35%
0.00
+7.55%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
313.77
+38.10%
227.21
+21.38%
187.19
-24.29%
247.25
Net Income From Continuing Operation Net Minority Interest
217.42
+54.35%
140.86
+29.09%
109.12
-25.25%
145.99
Net Income From Continuing And Discontinued Operation
217.42
+54.35%
140.86
+29.09%
109.12
-25.25%
145.99
Net Income Continuous Operations
313.77
+38.10%
227.21
+21.38%
187.19
-24.29%
247.25
Minority Interests
-96.35
-11.58%
-86.35
-10.61%
-78.06
+22.91%
-101.27
Normalized Income
217.42
+54.35%
140.86
+29.09%
109.12
-25.25%
145.99
Net Income Common Stockholders
217.42
+54.35%
140.86
+24.73%
112.93
-23.15%
146.94
Otherunder Preferred Stock Dividend
0.00
0.00
+100.00%
-3.81
-300.42%
-0.95
Diluted EPS
5.41
+46.61%
3.69
+22.59%
3.01
-24.37%
3.98
Basic EPS
5.45
+46.51%
3.72
+21.97%
3.05
-24.13%
4.02
Basic Average Shares
39.92
+5.45%
37.86
+2.15%
37.06
+1.50%
36.51
Diluted Average Shares
40.31
-25.22%
53.90
+0.38%
53.70
+0.05%
53.67
Diluted NI Availto Com Stockholders
217.96
+9.44%
199.16
+23.13%
161.74
-24.32%
213.72
Average Dilution Earnings
0.54
-99.07%
58.30
+19.43%
48.81
-26.91%
66.79
Earnings From Equity Interest
42.54
+7.64%
39.52
+249.28%
11.32
-86.49%
83.78
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Total Assets
1,690.36
+32.97%
1,271.20
+11.46%
1,140.54
-11.92%
1,294.95
Current Assets
492.49
+99.28%
247.13
+35.25%
182.72
-55.74%
412.81
Cash Cash Equivalents And Short Term Investments
277.27
+141.88%
114.63
+2.58%
111.75
+54.83%
72.17
Cash And Cash Equivalents
277.27
+141.88%
114.63
+2.58%
111.75
+54.83%
72.17
Receivables
197.63
+69.72%
116.44
+106.62%
56.35
+4.86%
53.74
Accounts Receivable
181.41
+67.52%
108.29
+129.72%
47.14
-9.12%
51.87
Prepaid Assets
11.26
+1.67%
11.07
+12.79%
9.82
+43.15%
6.86
Restricted Cash
6.33
+27.00%
4.99
+3.77%
4.80
-98.28%
280.04
Total Non Current Assets
1,197.87
+16.97%
1,024.07
+6.92%
957.82
+8.58%
882.13
Net PPE
99.00
+3.73%
95.44
+5.16%
90.75
-3.94%
94.48
Gross PPE
124.21
+9.24%
113.70
+10.43%
102.96
+1.22%
101.72
Accumulated Depreciation
-25.21
-38.06%
-18.26
-49.55%
-12.21
-68.61%
-7.24
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
29.48
+28.69%
22.91
+31.84%
17.38
+23.15%
14.11
Other Properties
61.41
-1.62%
62.42
+0.16%
62.33
-5.04%
65.64
Leases
33.32
+17.45%
28.37
+21.95%
23.26
+5.85%
21.98
Goodwill And Other Intangible Assets
14.15
-10.73%
15.85
Goodwill
9.57
+0.00%
9.57
Other Intangible Assets
4.58
-27.06%
6.29
Investments And Advances
761.05
+20.37%
632.27
+7.54%
587.97
+14.43%
513.83
Long Term Equity Investment
473.31
+7.87%
438.77
+24.33%
352.89
+7.63%
327.87
Other Investments
287.74
+48.70%
193.51
-17.68%
235.07
+26.41%
185.96
Non Current Deferred Assets
308.52
+17.81%
261.89
+11.96%
233.91
-4.54%
245.05
Non Current Deferred Taxes Assets
308.52
+17.81%
261.89
+11.96%
233.91
-4.54%
245.05
Other Non Current Assets
29.29
-15.04%
34.47
+17.48%
29.34
+1.93%
28.79
Total Liabilities Net Minority Interest
766.46
+28.76%
595.24
+5.10%
566.35
+1.59%
557.46
Current Liabilities
293.16
+18.51%
247.37
+17.78%
210.03
-6.00%
223.43
Payables And Accrued Expenses
293.16
+18.51%
247.37
+17.78%
210.03
-6.00%
223.43
Payables
293.16
+18.51%
247.37
+17.78%
210.03
-6.00%
223.43
Accounts Payable
5.47
+21.40%
4.50
-1.18%
4.56
+61.27%
2.83
Dividends Payable
47.04
+13.51%
41.44
+34.68%
30.77
-23.20%
40.07
Employee Benefits
48.56
+34.96%
35.98
+48.74%
24.19
+20.25%
20.12
Total Non Current Liabilities Net Minority Interest
473.30
+36.06%
347.87
-2.37%
356.32
+6.67%
334.03
Long Term Debt And Capital Lease Obligation
368.32
+33.84%
275.19
-5.87%
292.35
+15.29%
253.57
Long Term Debt
290.30
+47.99%
196.16
-8.14%
213.53
+24.64%
171.33
Long Term Capital Lease Obligation
78.02
-1.29%
79.03
+0.27%
78.82
-4.17%
82.24
Other Non Current Liabilities
56.42
+53.74%
36.70
-7.74%
39.78
-34.08%
60.34
Stockholders Equity
717.28
+36.59%
525.15
+26.41%
415.44
+19.77%
346.88
Common Stock Equity
717.28
+36.59%
525.15
+26.41%
415.44
+19.77%
346.88
Capital Stock
0.06
+0.00%
0.06
+1.85%
0.05
+1.89%
0.05
Common Stock
0.06
+0.00%
0.06
+1.85%
0.05
+1.89%
0.05
Preferred Stock
0.00
0.00
Share Issued
43.50
+7.27%
40.55
+5.01%
38.61
+3.57%
37.28
Ordinary Shares Number
43.50
+7.27%
40.55
+5.01%
38.61
+3.57%
37.28
Additional Paid In Capital
261.86
+25.65%
208.40
+21.47%
171.57
+6.12%
161.68
Retained Earnings
455.51
+43.83%
316.70
+29.89%
243.82
+31.69%
185.15
Gains Losses Not Affecting Retained Earnings
-0.14
0.00
Minority Interest
206.61
+37.01%
150.81
-5.00%
158.75
-59.36%
390.61
Other Equity Adjustments
-0.14
Total Equity Gross Minority Interest
923.89
+36.68%
675.96
+17.72%
574.19
-22.14%
737.49
Total Capitalization
1,007.58
+39.69%
721.31
+14.68%
628.98
+21.38%
518.20
Working Capital
199.33
+84205.49%
-0.24
+99.13%
-27.31
-114.42%
189.38
Invested Capital
1,007.58
+39.69%
721.31
+14.68%
628.98
+21.38%
518.20
Total Debt
368.32
+33.84%
275.19
-5.87%
292.35
+15.29%
253.57
Net Debt
13.03
-84.02%
81.53
-19.90%
101.78
+2.66%
99.15
Capital Lease Obligations
78.02
-1.29%
79.03
+0.27%
78.82
-4.17%
82.24
Net Tangible Assets
717.28
+36.59%
525.15
+31.42%
399.59
+15.20%
346.88
Tangible Book Value
717.28
+36.59%
525.15
+31.42%
399.59
+15.20%
346.88
Duefrom Related Parties Current
16.22
+98.98%
8.15
+13.41%
7.19
+283.87%
1.87
Dueto Related Parties Current
240.65
+19.47%
201.42
+15.29%
174.70
-3.23%
180.54
Investments In Other Ventures Under Equity Method
473.31
+7.87%
438.77
+24.33%
352.89
+7.63%
327.87
Investmentsin Joint Venturesat Cost
340.60
+4.38%
326.30
Notes Receivable
10.21
+403.70%
2.03
Line Item Trend 2025-03-31 2024-03-31 2023-03-31 2022-03-31
Operating Cash Flow
300.82
+148.92%
120.85
-46.66%
226.59
+33.66%
169.52
Cash Flow From Continuing Operating Activities
300.82
+148.92%
120.85
-46.66%
226.59
+33.66%
169.52
Net Income From Continuing Operations
313.77
+38.10%
227.21
+21.38%
187.19
-24.29%
247.25
Depreciation Amortization Depletion
9.29
+13.43%
8.19
+9.98%
7.44
+35.45%
5.50
Depreciation And Amortization
9.29
+13.43%
8.19
+9.98%
7.44
+35.45%
5.50
Other Non Cash Items
47.42
+174.39%
-63.74
-466.80%
17.38
-65.63%
50.56
Stock Based Compensation
31.41
+158.86%
12.13
+21.94%
9.95
+34.39%
7.40
Asset Impairment Charge
0.00
0.00
-100.00%
43.29
0.00
Deferred Tax
12.08
-27.65%
16.70
-18.28%
20.43
-14.66%
23.94
Deferred Income Tax
12.08
-27.65%
16.70
-18.28%
20.43
-14.66%
23.94
Operating Gains Losses
-31.28
+13.59%
-36.20
-91.70%
-18.89
+80.27%
-95.72
Gain Loss On Investment Securities
-0.65
-327.08%
0.29
+101.91%
-15.11
+7.97%
-16.42
Unrealized Gain Loss On Investment Securities
-21.00
-1856.66%
-1.07
+94.82%
-20.73
+56.35%
-47.49
Gain Loss On Sale Of PPE
0.00
0.00
-100.00%
2.77
0.00
Change In Working Capital
-60.86
-43.68%
-42.36
-117.52%
-19.47
+11.20%
-21.93
Change In Receivables
-81.19
-31.63%
-61.68
-10461.47%
-0.58
+97.35%
-22.04
Changes In Account Receivables
-73.12
-19.57%
-61.15
-1393.11%
4.73
+120.86%
-22.67
Change In Prepaid Assets
-0.18
+85.27%
-1.26
+57.55%
-2.96
-333.24%
-0.68
Change In Payables And Accrued Expense
13.54
+15.39%
11.73
+102.15%
5.80
+167.16%
-8.64
Change In Accrued Expense
12.58
+6.68%
11.79
+189.51%
4.07
+143.79%
-9.30
Change In Payable
0.96
+1885.19%
-0.05
-103.12%
1.73
+164.98%
0.65
Change In Account Payable
0.96
+1885.19%
-0.05
-103.12%
1.73
+164.98%
0.65
Change In Other Working Capital
-3.07
-621.13%
-0.43
-107.37%
5.78
+1210.43%
0.44
Change In Other Current Assets
0.04
-99.75%
15.34
+328.30%
-6.72
-33705.00%
0.02
Change In Other Current Liabilities
10.00
+264.67%
-6.08
+70.78%
-20.79
-331.52%
8.98
Investing Cash Flow
-117.58
+3.77%
-122.18
-168.68%
177.91
+352.40%
-70.49
Cash Flow From Continuing Investing Activities
-117.58
+3.77%
-122.18
-168.68%
177.91
+352.40%
-70.49
Net PPE Purchase And Sale
-12.16
-9.78%
-11.07
-133.26%
-4.75
+44.32%
-8.53
Purchase Of PPE
-12.16
-9.78%
-11.07
-133.26%
-4.75
+44.32%
-8.53
Capital Expenditure
-12.16
-9.78%
-11.07
-133.26%
-4.75
+44.32%
-8.53
Net Investment Purchase And Sale
-82.89
-31.90%
-62.84
-124.60%
255.41
+4107.01%
-6.37
Purchase Of Investment
-89.83
-39.96%
-64.18
-73.35%
-37.02
-94.90%
-19.00
Sale Of Investment
6.95
+417.35%
1.34
-99.54%
292.43
+2216.66%
12.62
Net Business Purchase And Sale
-46.31
+19.77%
-57.72
+32.93%
-86.06
-3.27%
-83.34
Purchase Of Business
-58.41
-1.19%
-57.72
+32.93%
-86.06
-3.27%
-83.34
Gain Loss On Sale Of Business
-101.71
0.00
0.00
Net Intangibles Purchase And Sale
2.08
-37.13%
3.31
0.00
0.00
Purchase Of Intangibles
0.00
0.00
Net Other Investing Changes
-1.00
+87.50%
-8.00
-215.58%
-2.54
Financing Cash Flow
-19.16
-535.49%
4.40
+101.21%
-364.15
-221.64%
-113.22
Cash Flow From Continuing Financing Activities
-19.16
-535.49%
4.40
+101.21%
-364.15
-221.64%
-113.22
Net Issuance Payments Of Debt
93.91
+636.62%
-17.50
-141.48%
42.19
+421.78%
8.09
Issuance Of Debt
97.66
+876.58%
10.00
-86.05%
71.68
+187.59%
24.93
Repayment Of Debt
-3.75
+86.36%
-27.50
+6.77%
-29.50
-75.15%
-16.84
Long Term Debt Issuance
97.66
+876.58%
10.00
-86.05%
71.68
+187.59%
24.93
Long Term Debt Payments
-3.75
+86.36%
-27.50
+6.77%
-29.50
-75.15%
-16.84
Net Long Term Debt Issuance
93.91
+636.62%
-17.50
-141.48%
42.19
+421.78%
8.09
Short Term Debt Issuance
10.00
-75.00%
40.00
0.00
Short Term Debt Payments
-25.00
+0.00%
-25.00
-66.67%
-15.00
Net Short Term Debt Issuance
-15.00
-200.00%
15.00
+200.00%
-15.00
Net Common Stock Issuance
242.93
+22.59%
198.16
+183.67%
-236.84
-436.68%
70.35
Common Stock Payments
-5.47
-55.88%
-3.51
+98.75%
-280.53
-7947.33%
-3.49
Common Stock Dividend Paid
-119.80
-9.63%
-109.28
+19.56%
-135.85
-39.56%
-97.34
Cash Dividends Paid
-119.80
-9.63%
-109.28
+19.56%
-135.85
-39.56%
-97.34
Repurchase Of Capital Stock
-5.47
-55.88%
-3.51
+98.75%
-280.53
-7947.33%
-3.49
Proceeds From Stock Option Exercised
2.80
+24.15%
2.25
+16.31%
1.94
+4.14%
1.86
Net Other Financing Charges
-239.00
-245.18%
-69.24
-94.64%
-35.57
+63.01%
-96.17
Changes In Cash
164.09
+5250.08%
3.07
-92.40%
40.35
+384.59%
-14.18
Effect Of Exchange Rate Changes
-0.10
0.00
0.00
0.00
Beginning Cash Position
119.62
+2.63%
116.55
+52.96%
76.20
-15.69%
90.38
End Cash Position
283.60
+137.09%
119.62
+2.63%
116.55
+52.96%
76.20
Free Cash Flow
288.66
+162.95%
109.78
-50.51%
221.84
+37.79%
161.00
Common Stock Issuance
248.40
+23.17%
201.67
+361.64%
43.69
-40.83%
73.83
Dividends Received CFI
22.70
+60.43%
14.15
-10.71%
15.84
-42.90%
27.75
Earnings Losses From Equity Investments
-30.63
+16.06%
-36.49
-457.71%
-6.54
+91.75%
-79.30
Issuance Of Capital Stock
248.40
+23.17%
201.67
+361.64%
43.69
-40.83%
73.83
Sale Of Business
12.10
0.00
0.00
Sale Of Intangibles
2.08
-37.13%
3.31
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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