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HLNE

Hamilton LaneNasdaqGS:HLNE Stock Report

Market Cap

US$5.7b

7D

-0.08%

1Y

48.6%

Updated

03 Dec, 2021

Data

Company Financials +
HLNE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends2/6

HLNE Stock Overview

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments.

Hamilton Lane Competitors

Blackstone

NYSE:BX

US$165.0b

BlackRock

NYSE:BLK

US$136.7b

KKR

NYSE:KKR

US$63.5b

T. Rowe Price Group

NasdaqGS:TROW

US$44.0b

Price History & Performance

Summary of all time highs, changes and price drops for Hamilton Lane
Historical stock prices
Current Share PriceUS$106.09
52 Week HighUS$116.00
52 Week LowUS$70.48
Beta0.88
1 Month Change-5.39%
3 Month Change23.89%
1 Year Change48.65%
3 Year Change202.17%
5 Year Changen/a
Change since IPO488.73%

Recent News & Updates

Nov 06
If You Like EPS Growth Then Check Out Hamilton Lane (NASDAQ:HLNE) Before It's Too Late

If You Like EPS Growth Then Check Out Hamilton Lane (NASDAQ:HLNE) Before It's Too Late

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

HLNEUS Capital MarketsUS Market
7D-0.08%-2.0%-2.7%
1Y48.6%41.2%16.6%

Return vs Industry: HLNE exceeded the US Capital Markets industry which returned 45.5% over the past year.

Return vs Market: HLNE exceeded the US Market which returned 19.4% over the past year.

Price Volatility

Is HLNE's price volatile compared to industry and market?
HLNE volatility
HLNE Average Weekly Movement4.3%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.1%
10% most volatile stocks in US Market14.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: HLNE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HLNE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991450Mario Gianninihttps://www.hamiltonlane.com

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in early, mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies.

Hamilton Lane Fundamentals Summary

How do Hamilton Lane's earnings and revenue compare to its market cap?
HLNE fundamental statistics
Market CapUS$5.67b
Earnings (TTM)US$147.69m
Revenue (TTM)US$362.78m

38.2x

P/E Ratio

15.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLNE income statement (TTM)
RevenueUS$362.78m
Cost of RevenueUS$130.97m
Gross ProfitUS$231.81m
ExpensesUS$84.12m
EarningsUS$147.69m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.77
Gross Margin63.90%
Net Profit Margin40.71%
Debt/Equity Ratio24.1%

How did HLNE perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

32%

Payout Ratio

Does HLNE pay a reliable dividends?

See HLNE dividend history and benchmarks
When do you need to buy HLNE by to receive an upcoming dividend?
Hamilton Lane dividend dates
Ex Dividend DateDec 14 2021
Dividend Pay DateJan 06 2022
Days until Ex dividend10 days
Days until Dividend pay date33 days

Does HLNE pay a reliable dividends?

See HLNE dividend history and benchmarks

Valuation

Is Hamilton Lane undervalued compared to its fair value and its price relative to the market?

27.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HLNE ($106.09) is trading below our estimate of fair value ($146.17)

Significantly Below Fair Value: HLNE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HLNE is poor value based on its PE Ratio (38.2x) compared to the US Capital Markets industry average (14.9x).

PE vs Market: HLNE is poor value based on its PE Ratio (38.2x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: HLNE is poor value based on its PEG Ratio (4.8x)


Price to Book Ratio

PB vs Industry: HLNE is good value based on its PB Ratio (18.7x) compared to the US Capital Markets industry average (49.4x).


Future Growth

How is Hamilton Lane forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLNE's forecast earnings growth (7.9% per year) is above the savings rate (2%).

Earnings vs Market: HLNE's earnings (7.9% per year) are forecast to grow slower than the US market (14.1% per year).

High Growth Earnings: HLNE's earnings are forecast to grow, but not significantly.

Revenue vs Market: HLNE's revenue (15.8% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: HLNE's revenue (15.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HLNE's Return on Equity is forecast to be high in 3 years time (38.7%)


Past Performance

How has Hamilton Lane performed over the past 5 years?

59.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLNE has high quality earnings.

Growing Profit Margin: HLNE's current net profit margins (40.7%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: HLNE has become profitable over the past 5 years, growing earnings by 59% per year.

Accelerating Growth: HLNE's earnings growth over the past year (149.5%) exceeds its 5-year average (59% per year).

Earnings vs Industry: HLNE earnings growth over the past year (149.5%) exceeded the Capital Markets industry 89%.


Return on Equity

High ROE: HLNE's Return on Equity (36.6%) is considered high.


Financial Health

How is Hamilton Lane's financial position?


Financial Position Analysis

Short Term Liabilities: HLNE's short term assets ($136.9M) exceed its short term liabilities ($79.1M).

Long Term Liabilities: HLNE's short term assets ($136.9M) do not cover its long term liabilities ($474.7M).


Debt to Equity History and Analysis

Debt Level: HLNE's net debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: HLNE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: HLNE's debt is well covered by operating cash flow (111.2%).

Interest Coverage: HLNE's interest payments on its debt are well covered by EBIT (93.2x coverage).


Balance Sheet


Dividend

What is Hamilton Lane current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 04 2021Ex Dividend DateDec 14 2021Dividend Pay DateJan 06 202223 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HLNE's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: HLNE's dividend (1.32%) is low compared to the top 25% of dividend payers in the US market (3.61%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, HLNE has been paying a dividend for less than 10 years.

Growing Dividend: HLNE's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.8%), HLNE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HLNE's dividends in 3 years are forecast to be well covered by earnings (45.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Mario Giannini (67 yo)

20.92yrs

Tenure

US$853,803

Compensation

Mr. Mario Lucio Giannini, J.D. has been the Chief Executive Officer of Hamilton Lane Advisors, L.L.C. since 2001. Mr. Giannini serves as the Chief Executive Officer of Private Equity Women Investor Network...


CEO Compensation Analysis

Compensation vs Market: Mario's total compensation ($USD853.80K) is below average for companies of similar size in the US market ($USD6.35M).

Compensation vs Earnings: Mario's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HLNE's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: HLNE's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HLNE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hamilton Lane Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Hamilton Lane Incorporated
  • Ticker: HLNE
  • Exchange: NasdaqGS
  • Founded: 1991
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$5.669b
  • Market Cap: US$3.945b
  • Shares outstanding: 53.22m
  • Website: https://www.hamiltonlane.com

Number of Employees


Location

  • Hamilton Lane Incorporated
  • 110 Washington Street
  • Suite 1300
  • Conshohocken
  • Pennsylvania
  • 19428
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/03 23:59
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.