Stock fact sheet · data as of
Hamilton Lane Incorporated (HLNE): fair value, margin of safety and Wheel Score
Ticker symbol HLNE · Financial Services · Asset Management · United States · Class A common stock · Growth Quality
HLNE is Hamilton Lane Incorporated's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is HLNE undervalued?
At 94.99 (close of 5 Nov 2026), HLNE trades 34% below the GLS average fair value of 143.57. That average comes from 9 models run on the latest filings, and 4 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Hamilton Lane Incorporated the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (33.55) and GLS Growth (420.06). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, HLNE is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 45, growth score 66, out of 100). It also carries the Quality tag (Quality = moat 7.5+ out of 10 and Piotroski 7+).
Nine valuation models for HLNE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 51.51 | -46% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 61.32 | -35% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 146.62 | +54% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 45.82 | -52% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 420.06 | +342% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 172.89 | +82% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 284.13 | +199% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 33.55 | -65% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 76.24 | -20% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -4.99 | -105% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 121.67 | +28% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Hamilton Lane Incorporated scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 8.4/10 puts HLNE among the more durable businesses we track: over up to ten years its returns on capital have stayed high, its margins steady and its balance sheet sound.
Returns on capital are high - ROIC 19.6%, ROE 27.2%, ROA 10.8% - with debt at 0.39 times equity and a free-cash-flow yield of 5.6%.
The dividend yield is 2.40% at a payout ratio of 46%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Incentive Fee Revenue, Specialized Funds 79%, Incentive Fee Revenue, Customized Separ… 15%, Management And Advisory Fee Revenue, Re… 4% (quarter Q1 FY2027).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 16 Sep 2026.
| Piotroski F-score | 7 / 9 | ROIC | 19.6% |
|---|---|---|---|
| GLS Moat | 8.4 / 10 | ROE | 27.2% |
| Debt / equity | 0.39 | ROA | 10.8% |
| Free-cash-flow yield | 5.6% | Payout ratio | 46% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 54: Fair
A Wheel Score of 54 keeps Hamilton Lane Incorporated under 70, the mark only a stock that passes all 9 Wheel Trade Filters can reach: it fails filter 1, options that actually trade - options too quiet (888 open interest, 243 a day). The parts: value strong, premium strong, moat strong, health good, red flags strong, option trading weak, stability fair.
Implied volatility is 47% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 888 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 912k shares a day on a market cap of $5.3B, with a beta of 1.17; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (888 open interest, 243 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 34% below fair value | |
| Premium | Strong | implied volatility 47% | |
| Moat | Strong | moat 8.4/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 92/100 | |
| Option trading | Weak | 243 contracts a day, 888 open interest | |
| Stability | Fair | beta 1.17, $5.3B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 2 Feb 2027, 89 days away - outside the window of a 30-45-day put sold today. The next ex-dividend date is 21 Dec 2026 (0.6000 per share).
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Hamilton Lane Incorporated by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| HASI HA Sustainable Infrastructure Capital, Inc. | 40.38 | 27.99 | -44% | 35Weak | $5.2B |
| FIVLX Fidelity International Value Fund | 15.27 | 5.61 | -172% | 12No options | $5.4B |
| MAIN Main Street Capital Corporation | 57.62 | 94.56 | +39% | 34Weak | $5.4B |
| CGABL The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 | 15.40 | 15.02 | -3% | 14No options | $5.5B |
| MGR Affiliated Managers Group, Inc. | 18.86 | 188.27 | +90% | 36No options | $5.6B |
| BXSL Blackstone Secured Lending Fund | 23.92 | 56.37 | +58% | 35Weak | $5.6B |
| JSEAX JPMorgan International Equity A | 23.69 | 20.34 | -16% | 10No options | $5.0B |
| EADOX Eaton Vance Emerging Markets Debt Opportunities - Class A | 8.49 | 7.36 | -15% | 10No options | $5.7B |
| FHI Federated Hermes, Inc. | 65.73 | 91.30 | +28% | 55Fair | $4.9B |
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Start free See the Sunday ScanQuestions about HLNE
What kind of share is HLNE?
HLNE is Hamilton Lane Incorporated's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is HLNE undervalued right now?
By the GLS models, yes: at 94.99 the stock is 34% below the average fair value of 143.57 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of HLNE and what does it mean?
HLNE scores 54 out of 100 (Fair) - it fails Wheel Trade Filter 1. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for HLNE?
143.57 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Hamilton Lane Incorporated report earnings next?
The next earnings report is due on 2 Feb 2027, 89 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does HLNE have listed options, and how liquid are they?
Yes. The nightly snapshot found 56 listed contracts with 888 open interest across all expiries and implied volatility of 47% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.