Hamilton Lane Incorporated (HLNE) Stock

Hamilton Lane Incorporated (HLNE) is a Financials stock trading at $104.08 (as of 2026-08-20), with a market capitalization of $4.37B and a trailing P/E of 15.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Hamilton Lane Incorporated is an investment firm providing direct and fund-of-funds investment management through separate accounts and advisory relationships. It serves institutional and other investors with customized vehicles and strategies such as secondaries and co-investments, offering due diligence, portfolio planning, monitoring, and reporting.

Understand Hamilton Lane Incorporated: how it makes money

Hamilton Lane provides investment management for customized separate accounts and fund-of-funds strategies, and it makes money through advisory and performance-related fee revenues connected to the results of underlying investments.

The profit engine is driven by performance-linked fee revenues, meaning earnings can rise or fall with how the firm's investment strategies perform for clients.

Business quality (Strong): Clear business model (investment management plus advisory and analytics), but the provided segment revenue breakdown is limited, so investors should rely on the specified operating metric (fee related performance revenues) to track the core profit driver.

Valuation: At 14× earnings, HLNE trades 57% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Multi-service platform: The firm offers customized separate accounts, specialized strategies (including fund-of-funds, secondaries, co-investments, taft-hartley, and distribution management), and advisory relationships with monitoring and reporting.
  • Performance-linked upside: Its operating metric of focus is fee related performance revenues, which directly ties part of its revenue to investment performance in the strategies it manages.

Bear case

  • Earnings sensitivity to investment performance: Because performance-related fees are a key operating metric, weaker outcomes in underlying strategies can reduce fee related performance revenues.
  • Client and strategy complexity: The firm’s offerings include multiple specialized approaches and tailored vehicles (for example, customized separate accounts and distribution management), which can increase execution and reporting complexity.
Valuation — source: SEC EDGAR (first-party)
Price$104.08
Market Cap$4.37B
P/E Ratio15.8
EV / EBITDA8.1
Price / Book2.58
Price / Sales5.09
Dividend Yield2.1%
FCF Yield8.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$758.99M
Net Margin32.8%
Return on Equity16.3%
Debt / Equity0.16
Revenue Growth (YoY)56.5%
FCF Growth (YoY)-40.9%
Valuation vs Sector & Industry
Stock P/E15.8
Sector P/E (Financials)15.1
Industry P/E (Trading)34.6
vs Sector4.6%
vs Industry-54.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($496.53M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOErik R. Hirsch
Employees700
CountryUS
IPO Date2017-03-01

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HLNE earnings history · HLNE institutional & insider holders · HLNE KPIs & operating metrics · HLNE financials · HLNE investor presentations & press releases · HLNE SEC filings · HLNE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.