Hamilton Lane
Builds private-markets portfolios through funds, direct investments, and secondary stakes.
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Profile
Builds and oversees private-markets portfolios for institutional and private-wealth clients across fund, direct, and secondary investments. The firm’s offerings cover several private-market strategies, while Hamilton Lane Incorporated controls the operating business through Hamilton Lane Advisors, L.L.C.
Designs, implements, and oversees private-markets portfolios for institutional and private-wealth clients. Offerings span private equity, private credit, direct equity, real estate, infrastructure, other real assets, growth equity, venture capital, and impact investing. Portfolio construction uses primary fund investments, direct investments alongside funds, and secondary-stake acquisitions.
Founded in 1991, the business developed from private-equity advice for pension plans into a global investment-solutions platform. It works with clients across multiple private-market strategies and investment formats. Hamilton Lane Incorporated is a holding company that controls the operating business through Hamilton Lane Advisors, L.L.C.; its Class A shares trade on Nasdaq.
Company facts
Categories
Key statistics
Year to date −22.4% · Average volume (30d) 677.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | UBS | Reiterate | Buy | $150 | $131 | |
| Aug 5, 2026 | Oppenheimer | Reiterate | Outperform | $179 | $182 | |
| Jul 21, 2026 | Morgan Stanley | Reiterate | Equal Weight | $141 | $123 | |
| Jul 13, 2026 | BMO Capital | Target | $102 | $94 | ||
| Jun 30, 2026 | Goldman Sachs | Reiterate | Buy | $148 | $128 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q1 FY27 | $1.53 | $1.94 | +26.8% | $221.9M | $275.3M | +24.1% | +7.06% |
| May 21, 2026Q4 FY26 | $1.43 | $1.49 | +4.2% | $203.1M | $193.6M | −4.7% | +1.95% |
| Feb 3, 2026Q3 FY26 | $1.35 | $1.55 | +14.8% | $195.5M | $198.6M | +1.6% | +3.63% |
| Nov 4, 2025Q2 FY26 | $1.08 | $1.54 | +42.6% | $184.7M | $190.9M | +3.3% | +1.40% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $198.0M | $176.0M | $190.9M | $198.6M | $193.6M | $275.3M | |
| Gross profit | $133.2M | $122.4M | $135.1M | $137.7M | $135.1M | $272.8M | |
| Operating income | $84.0M | $77.0M | $79.7M | $86.0M | $82.2M | $126.5M | |
| Net income | $50.5M | $53.7M | $70.9M | $58.4M | $66.2M | $80.5M | |
| Diluted EPS | $1.23 | $1.28 | $1.69 | $1.37 | $1.57 | $1.93 | |
| Gross margin | 67.3% | 69.6% | 70.8% | 69.3% | 69.8% | 99.1% | |
| Operating margin | 42.4% | 43.7% | 41.8% | 43.3% | 42.5% | 45.9% |
Fiscal years (4-quarter sums)FY22 $367.9M · FY23 $528.8M · FY24 $640.0M · FY25 $713.0M · FY26 $759.0M
Revenue by product · Q1 FY27
Revenue by geography · FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $337.0M · Total debt $364.8M · Total assets $2.54B · Shareholders' equity $939.3M
Dividends
Raised for 7 straight years — most recently to $0.60 from $0.54 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 18, 2026 | Jun 18 | Jul 7 | $0.60 | raised from $0.54 |
| Mar 20, 2026 | Mar 20 | Apr 6 | $0.54 | |
| Dec 19, 2025 | Dec 19 | Jan 7 | $0.54 | |
| Sep 19, 2025 | Sep 19 | Oct 6 | $0.54 | |
| Jun 20, 2025 | Jun 20 | Jul 7 | $0.54 | raised from $0.49 |
| Mar 14, 2025 | Mar 14 | Apr 4 | $0.49 | |
| Dec 16, 2024 | Dec 16 | Jan 7 | $0.49 | |
| Sep 16, 2024 | Sep 16 | Oct 4 | $0.49 |
Ownership
Shares outstanding 55.53M · Float 41.15M · 74.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| HLA Investments, LLC | 15.35M | 27.60% | 13D | May 29, 2026 |
| BlackRock, Inc. | 4.28M | 7.71% | 13F | Aug 7, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 3.05M | 5.50% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.80M | 3.23% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.79M | 3.23% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | David J. Berkman | director | +15,000 | $76.27 |
| Jun 11, 2026 | Andrea Anigati Kramer | 10 percent owner, officer: Chief Operating Officer | +1,283 | $77.46 |
| Jun 11, 2026 | Hartley R. Rogers | director, 10 percent owner, officer: Executive Co-Chairman | +38,290 | $78.49 |
| May 26, 2026 | Hartley R. Rogers | director, 10 percent owner, officer: Executive Co-Chairman | +55,000 | $90.05 |
| May 27, 2026 | Hartley R. Rogers | director, 10 percent owner, officer: Executive Co-Chairman | +932 | $92.73 |
Peers
- StepStone Group
Customized private-markets solutions, advice, and analytics
- Blackstone
Large alternative platform across private assets and private wealth
- Ares Management
Private credit, equity, real assets, and infrastructure strategies
- KKR
Global private-equity, credit, infrastructure, and real-estate platform
- TPG
Alternative strategies across private equity, credit, and real estate
- Blue Owl Capital
Private-credit and real-assets platform with private-wealth distribution
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hamilton Lane | $102.81 | −3.02% | $5.89B | 16.2 | 15.4 | 6.9 | +56.5% |
| StepStone Group | $50.32 | −0.08% | $6.50B | — | 19.1 | 3.2 | −17.5% |
| Blackstone | $142.86 | +0.35% | $171.97B | 31.6 | 22.2 | 10.7 | +2.4% |
| Ares Management | $142.53 | +0.04% | $46.81B | 59.1 | 21.9 | 7.3 | +5.8% |
| KKR | $108.40 | −0.21% | $97.58B | 34.2 | 16.3 | 4.6 | −44.8% |
| TPG | $53.97 | +0.03% | $20.69B | 62.0 | 16.9 | 4.4 | −31.8% |
| Blue Owl Capital | $12.04 | +0.12% | $18.79B | 101.2 | 13.0 | 6.3 | +7.1% |
| Median | 59.1 | 18.0 | 5.5 | −7.5% |