| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 65 | 14.5x | 17.8x | Around median | |
Growth | 85 | 24.0% | 7.1% | Top tier | |
Quality | 93 | — | — | Top tier | |
Safety | 80 | — | — | Top tier | |
Capital Return | 67 | 1.72% | 2.12% | Top tier | |
Momentum | 21 | -34.7% | 2.9% | Bottom tier | |
Sentiment | 91 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Hamilton Lane Incorporated (HLNE) is a private markets investment management and advisory firm, generating revenue from management and advisory fees on assets under management, separate accounts, and specialized funds, in addition to operational, monitoring, data and analytics services, performance fees, and incentive fees. At the end of fiscal 2027 Q1, its total asset footprint exceeded one trillion dollars, split between $146 billion in assets under management and $914 billion in assets under advisement, while fee-earning assets reached $83.7 billion at a blended fee rate of 69 basis points. This balance consisted of $42.6 billion in specialized funds and $41.1 billion in customized separate accounts.
In fiscal 2027 Q1, the company reported EDGAR revenue of $275.3 million and net income of $80.5 million, implying a calculated net income margin of approximately 29.2%. According to the company presentation, fee-related revenue was $236 million, up 44% year over year, including $161 million from management and advisory fees and $114 million from incentive fees, while fee-related earnings were $124 million at a 53% margin. GAAP earnings per share were $1.93, compared with adjusted earnings per share of $1.94.
Growth came primarily from the specialized funds platform, whose fee-earning assets increased 25% year over year, driven by the Evergreen platform and the latest direct equity fund. By contrast, fee-earning assets in customized separate accounts grew only 2%, while some Evergreen products experienced slower inflows and elevated redemptions in the non-U.S. multi-strategy equity fund. For fiscal 2026, revenue was $759.0 million and net income was $249.2 million, while fiscal 2027 trailing twelve-month figures reached revenue of $858.4 million and net income of $275.9 million.
The average analyst price target is $131.6, ranging from a low target of $94 to a high target of $182, with a consensus Buy rating; the average is below the 52-week range high of $155.66, while the highest target exceeds that high. The $88 spread between targets reflects meaningful differences in estimates of the sustainability of performance fees and Evergreen flows, particularly given redemptions in some products and the 50% increase in expenses in fiscal 2027 Q1. No price-to-earnings ratio is available in the data, so the stock's valuation here is based on its 52-week range of $71.88–$155.66, analyst targets, and the quality of fee-earning asset growth rather than a specific earnings multiple.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
EDGAR revenue in fiscal 2027 Q1 was approximately $275.3 million, and net income was $80.5 million. Management and advisory fees increased 21% to $161 million, while total fee-related revenue rose 44% to $236 million. The primary driver was a 12% increase in fee-earning assets to $83.7 billion, particularly the 25% increase in specialized funds' fee-earning assets to $42.6 billion.
The Evergreen platform ended the quarter in June 2026 with more than $19 billion in assets under management and net inflows of approximately $640 million. It recorded positive net inflows in 10 of 12 funds, and Hamilton Lane imposed no redemption restrictions on any fund. A $6.7 billion increase in Evergreen fee-earning assets over twelve months contributed to a $26 million or 32% increase in specialized fund management fees.
The non-U.S. multi-strategy equity fund recorded net outflows in the quarter ended June 2026, while the non-U.S. credit fund was nearly flat. Management explained that redemptions came from investors harvesting gains and rebalancing portfolios, and from clients moving funds into separate accounts managed by Hamilton Lane. Nevertheless, the company acknowledged slower inflows in some products and investor hesitation, so the sustainability of net inflows remains a key monitoring point.
Automated analysis for informational purposes only — not investment advice.
The direct equity fund completed fundraising of $3.8 billion, including $3.3 billion in the fund and $500 million in parallel separate accounts, exceeding the size of the previous fund by more than 57%. The seventh secondary fund achieved its first close at approximately $1.3 billion, with an 18-month period from the first close to complete fundraising. The second Venture fund also raised more than $370 million at its first close, compared with the first fund's total of $615 million.
Hamilton Lane expects to receive slightly less than $50 million from the Russell Investments transaction and record a gain of approximately $18 million if the transaction closes under the announced terms. It expects proceeds of approximately $30 million from the Canoe transaction and an estimated gain of more than $15 million upon closing. As for Securitize, the company originally invested $5 million in it and will begin revaluing the stake based on the market price in the quarter following the August 4, 2026 call, with the shares subject to a 180-day lockup period.
Hamilton Lane declared a quarterly distribution of $0.60 per share in fiscal 2027 Q1. The company is targeting total distributions of $2.40 per share in fiscal 2027, representing an 11% increase from the prior fiscal year. It also repurchased approximately 559 thousand shares during the quarter at an average of $89.51 per share and a cost of approximately $50 million, bringing total spending since the program began to $70 million.
