Hamilton Lane (HLNE) falls 31.9% as valuation drops to 15.1 times forward earnings

Hamilton Lane Inc. (NASDAQ: HLNE) has fallen 31.9% over the six months through May 13, 2026, trading at $90.12 as investors reassess the private-markets investment manager after a sharp pullback. The company posted 19.3% annualized revenue growth over the past five years, outpacing the broader financials sector, while earnings per share rose at an 18.8% annualized rate over the same period. Its five-year average return on equity was 35.6%, compared with roughly 10% for the sector. Following the decline, Hamilton Lane trades at 15.1 times forward earnings. The stock’s recent weakness contrasts with its longer-term growth and profitability metrics, making valuation and private-markets demand key factors for investors monitoring the shares.