Hamilton Lane (HLNE) AI Stock Analysis

• Market Cap: $8.73B
• Dividend Yield: 1.31%
• Average Volume (3M): 617.80K
• Price to Earnings (P/E): 30.1
• Beta (1Y): 1.18
• Revenue Growth: 10.66%
• EPS Growth: 22.13%
• Country: US
• Employees: 700
• Sector: Financial
• Sector Strength: 67
• Industry: Asset Management
• EPS (TTM): 1.31
• Shares Outstanding: 43,501,270
• 10 Day Avg. Volume: 378,642
• 30 Day Avg. Volume: 617,801
• PEG Ratio: 0.60
• Price to Book (P/B): 8.32
• Price to Sales (P/S): 8.37
• P/FCF Ratio: 19.17
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 11.59
• Enterprise Value/Gross Profit: 19.60
• Enterprise Value/Ebitda: 27.54
• 1Y Price Target: $156.00
• Price Target Upside: 1.83% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 82 Outperform
• Price Target: $182.00 ▲(18.81% Upside)

Hamilton Lane's overall stock score is driven by strong financial performance and positive earnings call sentiment. While technical analysis and valuation present mixed signals, the company's robust growth and strategic initiatives support a favorable outlook.

Positive Factors

Earnings

The adjusted EPS of $1.21 was ahead of Visible Alpha Consensus Data and Goldman Sachs estimates.

Performance Fees

Fee-related performance fees were higher than anticipated, contributing positively to the quarter's results.

Negative Factors

Fee-Related Earnings

The firm's fee-related earnings were significantly below expectations when normalized for changes.

Incentive Fees

The earnings miss was due to lower fee-related earnings and lower than expected incentive fees.

Hamilton Lane Business Overview & Revenue Model

Company Description

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies. For fund of fund investments, it invests in mezzanine, venture capital, private equity, turnaround, secondary investments, real estate, and special situation funds. The firm invests in real estate investments. It also invest in technology, healthcare, education, natural resources, energy and essential consumer goods sectors, cleantech, and environment, community development, and financial empowerment. It invests in private equity markets in North America, Latin America, United States, Western Europe, Middle East, Africa, United Kingdom, Asia, Japan, and Australia. The firm prefer to invest $1 million to $100 million in companies. It prefers to have majority stake in companies. Hamilton Lane Incorporated was founded in 1991 and is based in Conshohocken, Pennsylvania with additional offices across Europe, North America, and Asia.

How the Company Makes Money

Hamilton Lane makes money primarily through management fees, performance fees, and advisory fees associated with its investment products and services. The company charges management fees based on a percentage of the assets under management (AUM), which provide a steady revenue stream. Performance fees, also known as carried interest, are earned when investments exceed predefined return thresholds, aligning the firm's interests with those of its clients. Furthermore, advisory services generate revenue by providing strategic guidance and investment planning to clients. Key partnerships with institutional investors, such as pension funds, insurance companies, and sovereign wealth funds, significantly contribute to Hamilton Lane's earnings by expanding its client base and increasing AUM.

Hamilton Lane Financial Statement Overview

Summary

Hamilton Lane demonstrates strong financial performance with significant revenue growth, robust profit margins, an improving equity position, and strong cash flow generation. These factors indicate a stable financial outlook and position the company well for future growth.

Income Statement

Hamilton Lane demonstrates strong revenue growth with a significant increase from $553.8 million in 2024 to $712.9 million in 2025, marking a 28.69% growth. The gross profit margin remains robust at approximately 61.49%, and the net profit margin improved to 30.49%, indicating efficient cost management. EBIT and EBITDA margins are stable and high, reflecting operational efficiency.

Balance Sheet

The company's balance sheet is solid with an improving equity position, as stockholders' equity rose to $717.3 million. The debt-to-equity ratio is 0.51, showing manageable leverage. The equity ratio improved to 42.44%, indicating a strong equity base relative to total assets, enhancing financial stability.

Cash Flow

Hamilton Lane's cash flow position is strong, with free cash flow increasing significantly by 183.63% compared to the previous year, reaching $311.4 million. The operating cash flow to net income ratio of 1.49 highlights efficient cash generation relative to net income, while the free cash flow to net income ratio of 1.43 indicates robust free cash flow generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	692.19M	712.96M	553.84M	528.75M	367.92M	341.63M
Gross Profit	409.16M	438.47M	352.35M	340.29M	246.16M	205.32M
EBITDA	291.26M	325.84M	301.02M	247.48M	175.06M	159.86M
Net Income	212.20M	217.42M	140.86M	109.12M	145.99M	98.02M
Balance Sheet
Total Assets	1.80B	1.69B	1.27B	1.14B	1.29B	1.14B
Cash, Cash Equivalents and Short-Term Investments	263.35M	277.27M	114.63M	116.55M	72.17M	87.34M
Total Debt	0.00	368.32M	275.19M	292.35M	253.57M	238.46M
Total Liabilities	806.99M	766.46M	595.24M	566.35M	557.46M	546.32M
Stockholders Equity	758.80M	717.28M	525.15M	415.44M	346.88M	238.13M
Cash Flow
Free Cash Flow	345.57M	311.36M	109.78M	221.84M	161.00M	168.52M
Operating Cash Flow	356.22M	323.52M	120.85M	226.59M	169.52M	188.16M
Investing Cash Flow	-229.59M	-139.81M	-122.18M	177.91M	-70.49M	-421.78M
Financing Cash Flow	21.12M	-19.62M	4.40M	-364.15M	-113.22M	270.66M

Hamilton Lane Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 153.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLNE, the sentiment is Positive. The current price of 153.19 is below the 20-day moving average (MA) of 153.60, above the 50-day MA of 149.25, and below the 200-day MA of 157.77, indicating a neutral trend. The MACD of 1.28 indicates Positive momentum. The RSI at 51.27 is Neutral, neither overbought nor oversold. The STOCH value of 77.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HLNE.

Hamilton Lane Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HLNE	82 Outperform	$8.73B	30.14	32.03%	1.31%	10.66%	22.13%
TRIN	74 Outperform	$977.52M	6.90	17.31%	13.18%	31.43%	30.85%
CG	70 Outperform	$21.70B	20.30	21.39%	2.27%	81.86%	―
Sector *	67 Neutral	$17.02B	11.60	9.79%	3.95%	10.61%	2.06%
GCMG	64 Neutral	$2.29B	86.61	-12.68%	3.67%	17.33%	1.83%
STEP	56 Neutral	$6.89B	103.13	-71.28%	2.37%	65.97%	-359.91%
BRDG	52 Neutral	$2.73B	72.24	-22.41%	4.62%	-1.09%	-120.06%

Hamilton Lane Corporate Events

Hamilton Lane’s Mario Giannini to Step Down

On June 18, 2025, Mario L. Giannini, Executive Co-Chairman of Hamilton Lane, announced he will not seek re-election to the Board of Directors at the 2025 Annual Meeting of Stockholders. His decision is not due to any disagreements with the company, and he will continue his role as Executive Co-Chairman, ensuring stability in the company’s leadership and operations.

The most recent analyst rating on (HLNE) stock is a Hold with a $168.00 price target. To see the full list of analyst forecasts on Hamilton Lane stock, see the HLNE Stock Forecast page.