Hamilton Lane Incorporated (HLNE) AI Stock Analysis

Established in 1991 and headquartered in Conshohocken, Pennsylvania, Hamilton Lane Incorporated is an investment firm focused on private markets solutions for institutional and individual clients worldwide. The firm designs and manages separate accounts structured as single-client vehicles, alongside specialized strategies including fund-of-funds, secondaries, co-investments, and distribution management. These offerings provide access across asset classes such as mezzanine, venture capital, private equity, turnaround, and real estate funds. In addition, Hamilton Lane provides advisory relationships covering due diligence, strategic portfolio planning, and monitoring, as well as comprehensive reporting and analytics solutions across diverse sectors including technology, healthcare, and energy.

Hamilton Lane expanded revenue from $367.9M in FY2022 to $759.0M in FY2026, marking a 5-year revenue CAGR of 17.3%. Net income climbed from $146.0M in FY2022 to $249.2M in FY2026, delivering FY2026 diluted EPS of $5.89 and a net margin of 32.8%. Operating margin remained resilient, standing at 42.8% in FY2026 compared to 46.1% in FY2022. For the trailing twelve months, revenue reached $858.4M with an operating margin of 45.9% and a profit margin of 32.1%. Momentum accelerated in the latest quarter ending June 30, 2026, as quarterly revenue increased 56.5% year-over-year and quarterly earnings grew 50.5%.

As of June 30, 2026, Hamilton Lane held $337.0M in cash and short-term investments against $364.8M in total debt, resulting in net debt of $27.8M. Liquidity is supported by a current ratio of 4.05 and a conservative debt-to-equity ratio of 0.39 on shareholders' equity of $939.3M. In FY2026, operating cash flow reached $460.4M, funding capital expenditures of $5.8M and leaving free cash flow of $454.5M. The firm allocated cash toward capital returns, spending $141.8M on dividends paid and $80.1M on share buybacks.

Hamilton Lane trades at a trailing P/E of 12.5x and a forward P/E of 12.0x, slightly above the median of its US-listed Financial Services peers at 12.1x and 10.8x, respectively. Its price-to-sales ratio stands at 6.4x compared to the peer median of 3.2x, while its EV-to-EBITDA multiple of 8.8x sits below the peer median of 11.7x. Over the past year, the stock fell 28.7%, underperforming the S&P 500 return of 16.8%, and currently trades 17.6% below its 200-day moving average.

Hamilton Lane pays a forward annual dividend of $2.40 per share, representing a dividend yield of 2.93%. The quarterly distribution is backed by a 35.0% payout ratio. Hamilton Lane has paid dividends for 10 consecutive years and achieved an annualized 5-year dividend growth rate of 11.7%. Its most recent ex-dividend date was September 21, 2026.

Wall Street sentiment is positive, with 5 Strong Buy, 2 Buy, and 1 Hold ratings. The mean price target of $127.00 implies an upside of 55.2% over the last close of $81.84. For the current fiscal year ending March 31, 2027, consensus estimates model revenue of $941.5M and EPS of $7.43, representing 26.0% EPS growth. Hamilton Lane has beaten EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for November 3, 2026.

This page is an AI-written research summary of Hamilton Lane Incorporated (HLNE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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