Hamilton Lane Inc

Hamilton Lane Inc

HLNE · NASDAQ · Financial Services / Asset Management

93.73USD-0.15 (-0.16%)

Price History

Full chart

Market Stats

Previous Close93.88
Open94.84
Day Range92.45 – 95.21
52-Week Range71.39 – 152.64
Volume330.54K
Market Cap5.72B
P/E (TTM)12.99
Forward P/E12.02
EPS6.57
Dividend Yield2.81%
Beta1.20
50-Day Avg96.17
200-Day Avg104.48

About

Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets. For primary and secondary fund of fund investments, the firm focuses to invest in private equity, buyout, special situations, credit, growth equity, middle market, mature, turnarounds, mezzanine and venture capital funds. The firm prefers to invest in disruptive technologies and innovative companies. It prefers to invest in space, engine, alternative energy resources, environmental & facilities services, households durables, leisure products, textiles, manufacturing services, water purification, online training service, healthcare services & technology, energy, industrials, commercial services, internet software & services, consumer discretionary, health care, real estate, information technology, tech-enabled businesses, financials, utilities, and consumer services. The firm prefers to invest in Africa/Middle East, Asia/Pacific, Europe, Southeast Asia, Korea, China, India, Latin America and Caribbean, United States of America, New York, Florida, Arizona, Nevada, New Mexico, Oregon, Washington, California and surrounding states, Australia, Japan, Brazil, United Kingdom, and Canada. The firm prefers to invest between $0.25 million and $100 million in companies with small- to mid-sized enterprise values. It prefers to take majority stake. Hamilton Lane Incorporated was founded in 1991 and is based in Philadelphia, Pennsylvania with additional offices across Europe, North America, Asia Pacific and the Middle East.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Erik R. Hirsch
  • Employees800
  • Headquarters110 Washington Street, Philadelphia, PA, United States, 19428, USA
  • Websitehttps://www.hamiltonlane.com

Leadership

  • Mr. Erik R. HirschCo-CEO & Member of the Board · b. 1973
  • Dr. Juan M. Delgado-Moreira C.F.A., Ph.D.Co-CEO & Director · b. 1971
  • Ms. Andrea F. KramerChief Operating Officer
  • Mr. Jeffrey B. ArmbristerCFO & Treasurer · b. 1973
  • Mr. Drew Thomas Carl CPAMD & Chief Accounting Officer · b. 1982
  • Ms. Lydia Ann Gavalis J.D.General Counsel & Secretary · b. 1964
  • Mr. Mario Lucio GianniniExecutive Co-Chairman · b. 1954
  • Mr. Hartley Raymond RogersExecutive Co-Chairman · b. 1961
  • Mr. Robert D. ShinChief Compliance Officer & Chief Risk Officer
  • Ms. Lucy MacNicholPrincipal & Head of Corporate Communications

Financials

Income Statement

Currency: USD2014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue139.76M155.38M180.80M179.82M244.03M252.18M274.05M341.63M367.92M528.75M553.84M712.96M758.99M
Growth (%)-+11.18%+16.35%-0.54%+35.71%+3.34%+8.67%+24.66%+7.69%+43.71%+4.74%+28.73%+6.46%
Cost of Revenue55.95M60.16M92.06M72.12M82.87M99.00M85.76M136.32M108.39M149.32M166.39M208.22M228.63M
Gross Profit83.81M95.23M88.73M107.70M161.16M153.18M188.28M205.32M259.52M379.44M387.45M504.74M530.36M
Gross Margin59.97%61.29%49.08%59.90%66.04%60.74%68.71%60.10%70.54%71.76%69.96%70.79%69.88%
Operating Expense24.76M26.86M26.90M31.59M38.21M48.96M71.86M49.59M89.96M139.40M141.63M188.19M205.42M
Operating Income59.05M68.36M61.83M76.11M122.95M104.22M116.43M155.73M169.56M240.04M245.82M316.55M324.94M
Operating Margin42.25%44.00%34.20%42.33%50.38%41.33%42.48%45.58%46.09%45.40%44.38%44.40%42.81%
EBITDA77.25M79.73M71.39M91.23M147.51M135.57M146.85M159.86M323.81M258.67M301.02M384.89M487.75M
EBITDA Margin55.28%51.31%39.49%50.74%60.45%53.76%53.59%46.79%88.01%48.92%54.35%53.99%64.26%
Net Income62.46M71.50M57.11M612.00K17.34M33.57M60.83M98.02M145.99M109.12M140.86M217.42M249.18M
Net Income Margin44.69%46.02%31.59%0.34%7.11%13.31%22.20%28.69%39.68%20.64%25.43%30.49%32.83%
R&D---0.420.570.510.50.550.820.460.51--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense8.50M5.88M12.64M14.56M5.99M3.04M2.82M2.50M4.63M8.62M11.18M13.33M14.95M
Interest Expense % of Total Revenue6.08%3.79%6.99%8.10%2.45%1.21%1.03%0.73%1.26%1.63%2.02%1.87%1.97%

Balance Sheet

Currency: USD2014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets-201.50M196.64M240.62M293.80M360.59M473.53M1.14B1.29B1.14B1.27B1.69B2.30B
Total Liabilities-127.81M308.57M153.99M157.72M190.87M236.13M546.32M557.46M566.35M595.24M766.46M838.36M
Total Equity-73.69M-111.94M86.63M136.07M169.72M237.40M238.13M346.88M415.44M525.15M717.28M915.23M
Cash-67.09M68.58M32.29M47.60M49.36M50.12M87.34M72.17M111.75M114.63M277.27M363.90M
Total Debt-107.72M243.32M129.48M90.41M74.66M84.71M238.46M253.57M292.35M275.19M368.32M356.48M
Net Debt-40.63M174.73M52.02M36.57M21.60M34.58M151.12M181.40M180.60M160.56M91.05M-7.42M

Cash Flow

Currency: USD2014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow66.86M76.90M109.17M81.68M96.69M111.62M116.37M188.16M169.52M226.59M120.85M300.82M460.38M
Investing Cash Flow-2.29M-10.06M2.50M-16.71M-21.77M-19.21M-49.90M-421.78M-70.49M177.91M-122.18M-117.58M-530.28M
Financing Cash Flow-46.17M-74.90M-110.10M-101.21M-59.67M-90.21M-64.71M270.66M-113.22M-364.15M4.40M-19.62M155.78M
Capital Expenditure1.51M3.87M921.00K1.27M2.25M5.37M6.15M19.64M8.53M4.75M11.07M12.16M5.84M
Free Cash Flow65.35M73.03M108.25M80.40M94.44M106.26M110.22M168.52M161.00M221.84M109.78M288.66M454.53M
Dividends Paid16.79M47.09M67.81M80.46M46.45M69.33M76.44M74.04M97.34M135.85M109.28M119.80M141.84M
FCF to OCF97.74%94.96%99.16%98.44%97.67%95.19%94.72%89.56%94.97%97.91%90.84%95.96%98.73%
Dividend Paid to FCF25.69%64.48%62.64%100.07%49.19%65.24%69.35%43.94%60.46%61.24%99.54%41.50%31.20%

Earnings

Report DateMar 1, 2017Jun 12, 2017Aug 8, 2017Nov 7, 2017Feb 6, 2018Jun 7, 2018Aug 7, 2018Nov 6, 2018Feb 5, 2019May 29, 2019Aug 6, 2019Nov 5, 2019Feb 4, 2020May 28, 2020Aug 4, 2020Nov 4, 2020Feb 2, 2021May 27, 2021Aug 3, 2021Nov 2, 2021Feb 1, 2022May 26, 2022Aug 2, 2022Nov 1, 2022Feb 7, 2023May 25, 2023Aug 1, 2023Nov 7, 2023Feb 6, 2024May 23, 2024Aug 6, 2024Nov 6, 2024Feb 4, 2025May 29, 2025Aug 5, 2025Nov 4, 2025Feb 3, 2026May 21, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.240.240.270.250.280.400.400.510.390.400.490.520.480.490.260.600.570.760.681.050.910.800.790.590.810.800.850.940.921.011.131.091.101.140.991.101.331.431.521.89
EPS Actual0.200.250.330.270.460.580.380.550.620.360.450.500.470.590.130.780.870.950.841.381.270.890.921.020.430.960.940.890.711.381.511.071.251.211.311.541.551.491.94-
Surprise-16.67%4.17%22.22%8.00%64.29%45.00%-5.00%7.84%58.97%-10.00%-8.16%-3.85%-2.08%20.41%-50.00%30.00%52.63%25.00%23.53%31.43%39.56%11.25%16.46%72.88%-46.91%20.00%10.59%-5.32%-22.83%36.63%33.63%-1.83%13.64%6.14%32.32%40.00%16.54%4.20%27.63%-
TimingAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap5.72B
Enterprise Value4.75B
Trailing P/E12.99
Forward P/E12.02
PEG Ratio1.39
Price / Sales6.66
Price / Book5.04
EPS6.57
Book Value21.93
Revenue (TTM)858.37M
Gross Profit (TTM)520.68M
EBITDA384.32M
Profit Margin32.14%
Operating Margin45.93%
Return on Equity32.42%
Return on Assets10.78%
Shares Outstanding43.35M
Shares Float39.86M
Beta1.20
Dividend Yield2.81%
Dividend Rate2.40
Payout Ratio34.97%

Analyst Ratings

Hold
Based on 6 analystsTarget 133.43
  • Hold
    5
  • Sell
    1

Ownership Breakdown

Institutions
110.20%
Insiders
11.45%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    4.08M7.39%
  • Kayne Anderson Rudnick Investment Management LLC
    3.42M6.19%
  • Vanguard Portfolio Management, LLC
    1.83M3.31%
  • Vanguard Capital Management, LLC
    1.78M3.23%
  • State Street Corp
    1.32M2.39%
  • Citadel Advisors Llc
    1.20M2.18%
  • Wasatch Advisors LP
    1.15M2.09%
  • Geode Capital Management, LLC
    1.05M1.90%
  • Principal Financial Group Inc
    1.03M1.87%
  • T. Rowe Price Investment Management,Inc.
    989.79K1.79%
  • HHG PLC
    905.66K1.64%
  • Van Berkom and Associates Inc
    884.89K1.60%
  • Morgan Stanley - Brokerage Accounts
    725.27K1.31%
  • Neuberger Berman Group LLC
    710.75K1.29%
  • Los Angeles Capital Management LLC
    678.49K1.23%
  • Dimensional Fund Advisors, Inc.
    675.52K1.22%
  • ClearBridge Advisors, LLC
    668.69K1.21%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    1.43M2.59%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.26M2.28%
  • Vanguard Small Cap Index
    905.73K1.64%

Dividends

20263×
0.60Sep 21, 20260.60Jun 18, 20260.54Mar 20, 2026
20254×
0.54Dec 19, 20250.54Sep 19, 20250.54Jun 20, 20250.49Mar 14, 2025
20244×
0.49Dec 16, 20240.49Sep 16, 20240.49Jun 14, 20240.45Mar 14, 2024
20234×
0.45Dec 14, 20230.45Sep 14, 20230.45Jun 14, 20230.40Mar 14, 2023
20224×
0.40Dec 14, 20220.40Sep 14, 20220.40Jun 14, 20220.35Mar 14, 2022
20214×
0.35Dec 14, 20210.35Sep 14, 20210.35Jun 14, 20210.31Mar 12, 2021
20201×
0.31Dec 14, 2020