HLNE
Hamilton Lane Incorporated Financial Services - Asset Management Investor Relations →
Hamilton Lane Incorporated (HLNE) closed at $99.59 as of 2026-03-20, trading 9.8% below its 200-week moving average of $110.35. This places HLNE in the deep value zone. The stock moved further from the line this week, up from -12.6% last week. The 14-week RSI sits at 33, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.96 ratio) is neutral — neither side is clearly dominating.
Over the past 424 weeks of data, HLNE has crossed below its 200-week moving average 10 times. On average, these episodes lasted 3 weeks. Historically, investors who bought HLNE at the start of these episodes saw an average one-year return of +45.7%.
With a market cap of $5.6 billion, HLNE is a mid-cap stock. The company generates a free cash flow yield of 4.1%. Return on equity stands at 31.7%, indicating strong profitability. The stock trades at 5.0x book value.
Share count has increased 16.7% over three years, indicating dilution. HLNE passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 8.2 years, a hypothetical investment of $100 in HLNE would have grown to $331, compared to $271 for the S&P 500. That represents an annualized return of 15.8% vs 13.0% for the index — confirming HLNE as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
In the past 12 months, corporate insiders have made 5 open-market purchases totaling $4,280,414. Multiple insiders purchased within a 30-day window — a cluster buy pattern that historically signals management confidence in the company's prospects. Notably, these purchases occurred while HLNE is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been growing at a 21.5% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HLNE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HLNE Crosses Below the Line?
Across 9 historical episodes, buying HLNE when it crossed below its 200-week moving average produced an average return of +46.9% after 12 months (median +55.0%), compared to +19.9% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +119.4% vs +45.8% for the index.
Each line shows $100 invested at the moment HLNE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
HLNE has crossed below its 200-week MA 10 times with an average 1-year return of +45.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 2022 | May 2022 | 2 | 2.3% | +0.9% | +64.5% |
| Jun 2022 | Jun 2022 | 1 | 3.8% | +24.7% | +67.6% |
| Jul 2022 | Jul 2022 | 1 | 0.7% | +30.3% | +61.1% |
| Aug 2022 | Sep 2022 | 1 | 1.0% | +42.1% | +58.8% |
| Sep 2022 | Nov 2022 | 7 | 15.3% | +41.5% | +64.2% |
| Dec 2022 | Jan 2023 | 4 | 8.3% | +65.6% | +57.3% |
| Mar 2023 | Mar 2023 | 2 | 8.1% | +68.7% | +60.9% |
| Apr 2023 | Apr 2023 | 1 | 0.5% | +62.2% | +47.7% |
| May 2023 | Jun 2023 | 5 | 10.5% | +75.2% | +55.5% |
| Feb 2026 | Ongoing | 5+ | 12.5% | Ongoing | -6.4% |
| Average | 3 | — | +45.7% | — |
Frequently Asked Questions
Is HLNE below its 200-week moving average?
Yes. As of 2026-03-20, Hamilton Lane Incorporated (HLNE) is trading 9.8% below its 200-week moving average of $110.35. The current price is $99.59.
What is HLNE's 200-week moving average price?
Hamilton Lane Incorporated's 200-week moving average is $110.35 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HLNE drops below its 200-week moving average?
HLNE has crossed below its 200-week moving average 10 times in our data. On average, buying at that moment produced a one-year return of +45.7%. These dips have historically been decent entry points. These episodes lasted 3 weeks on average.
Is HLNE a good value right now?
Here's what our data says about HLNE as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 33. Free cash flow yield is 4.1%. Return on equity is 31.7%. Price-to-book is 5.0x. This is not a buy or sell recommendation — always do your own research.
How does HLNE compare to the S&P 500?
Over the past 8.2 years, $100 invested in HLNE would have grown to $331, compared to $271 for the S&P 500. That's 15.8% annualized vs 13.0% for the index. HLNE has outperformed the broader market over this period.
Does HLNE pay a dividend?
Yes. Hamilton Lane Incorporated currently pays a dividend yield of 217.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20