HLNE
Hamilton Lane Incorporated Financial Services - Asset Management Investor Relations →
Hamilton Lane Incorporated (HLNE) closed at $87.74 as of 2026-09-18, trading 22.4% below its 200-week moving average of $113.13. This places HLNE in the extreme value zone. The stock is currently moving closer to the line, down from -15.1% last week. The 14-week RSI sits at 57, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.94 ratio) is neutral — neither side is clearly dominating.
Over the past 450 weeks of data, HLNE has crossed below its 200-week moving average 10 times. On average, these episodes lasted 6 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 $5.9 billion, HLNE is a mid-cap stock. The company generates a free cash flow yield of 3.9%. Return on equity stands at 32.4%, indicating strong profitability. The stock trades at 4.0x book value.
Share count has increased 13.2% 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 8.7 years, a hypothetical investment of $100 in HLNE would have grown to $294, compared to $320 for the S&P 500. HLNE has returned 13.2% annualized vs 14.4% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 9 open-market purchases totaling $18,521,522. Multiple insiders purchased within a 30-day window — a cluster buy pattern that historically signals management confidence in the company's prospects. Notably, these purchases occurred while HLNE is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been growing at a 23.6% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 10 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 +45.7% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices HLNE would reach each dislocation threshold.
Dislocation Price Levels
Prices where HLNE's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-11-03.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $63.35 | Unusually cheap — analysis point |
| Value | +1σ | $71.43 | Cheap vs. own history |
| Fair Value | +0σ | $81.87 | Historical mean behavior |
| Expensive | -1σ | $95.90 | Expensive vs. own history |
| Deep Expensive | -2σ | $115.72 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-04 | $1.59 | $1.94 | +22.2% |
| 2026-05-21 | $1.43 | $1.49 | +4.5% |
| 2026-02-03 | $1.33 | $1.55 | +16.9% |
| 2025-11-04 | $1.10 | $1.54 | +39.8% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from HLNE's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
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% | +46.0% |
| Jun 2022 | Jun 2022 | 1 | 3.2% | +24.6% | +47.8% |
| Jul 2022 | Jul 2022 | 1 | 0.7% | +30.3% | +43.0% |
| Aug 2022 | Sep 2022 | 1 | 1.1% | +42.1% | +40.9% |
| Sep 2022 | Nov 2022 | 7 | 15.3% | +41.5% | +45.8% |
| Dec 2022 | Jan 2023 | 4 | 8.3% | +65.4% | +38.9% |
| Mar 2023 | Mar 2023 | 2 | 8.1% | +68.7% | +42.8% |
| Apr 2023 | Apr 2023 | 1 | 0.6% | +62.2% | +31.1% |
| May 2023 | Jun 2023 | 5 | 10.5% | +75.2% | +38.0% |
| Feb 2026 | Ongoing | 31+ | 30.1% | Ongoing | -17.0% |
| Average | 6 | — | +45.7% | — |
Frequently Asked Questions
Is HLNE below its 200-week moving average?
Yes. As of 2026-09-18, Hamilton Lane Incorporated (HLNE) is trading 22.4% below its 200-week moving average of $113.13. The current price is $87.74.
What is HLNE's 200-week moving average price?
Hamilton Lane Incorporated's 200-week moving average is $113.13 as of 2026-09-18. 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 6 weeks on average.
Is HLNE a good value right now?
Here's what our data says about HLNE as of 2026-09-18: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 57. Free cash flow yield is 3.9%. Return on equity is 32.4%. Price-to-book is 4.0x. 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 8.7 years, $100 invested in HLNE would have grown to $294, compared to $320 for the S&P 500. That's 13.2% annualized vs 14.4% for the index. HLNE has underperformed the broader market over this period.
Does HLNE pay a dividend?
Yes. Hamilton Lane Incorporated currently pays a dividend yield of 274.00%.
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 2026-09-18