Major Insider Accumulation at HLNE: $3.2M Buys Post-Pullback
Hamilton Lane Incorporated (HLNE:US) is a leading global private markets investment firm, specializing in providing innovative private markets solutions, including fund-of-funds, secondary investments, direct co-investments, and customized portfolios. The company advises on and manages private equity, private credit, real assets, and infrastructure strategies for institutional investors such as pension funds, endowments, sovereign wealth funds, and family offices. As of mid-February 2026, Hamilton Lane has a market capitalization of approximately $4.4-6.0 billion.
2026 Executive Cluster Buys
Insider activity at Hamilton Lane was notably bullish on February 20, 2026, with key executives making substantial open-market purchases totaling nearly $3.2 million. These coordinated buys by top leadership reflect strong conviction at depressed price levels (~$107 per share):
Andrea Anigati Kramer, Chief Operating Officer (COO), purchased 2,325 shares of Class A Common Stock at a weighted average price of $107.532 per share, for a total value of $250,011. This increased her holdings to 65,761 shares.
Juan Delgado-Moreira, Co-Chief Executive Officer, bought 9,225 shares at $107.242 per share, amounting to $989,311, bringing his ownership to 1.338 million shares.
Mario L. Giannini, Co-Chief Executive Officer (or Executive Co-Chairman in some filings), acquired 9,225 shares at $107.318 per share, valued at $990,010, raising his stake to 105,723 shares.
Erik R. Hirsch, Co-Chief Executive Officer, purchased 9,225 shares at $107.129 per share, for $988,260, increasing his holdings to 70,494 shares.
These transactions occurred shortly after a sharp stock decline (shares closed at $107.02 on February 20, down from higher levels earlier in the month, with further drops to ~$101 by February 23-24). The cluster of executive buys, three at identical 9,225-share quantities, signals aligned optimism, with no offsetting sales reported.
Post-Earnings Pullback and Positives Ahead
Hamilton Lane reported Q3 fiscal 2026 results (ended December 31, 2025) on February 3, 2026. The company posted strong performance with revenue of ~$198.59 million (up ~18% YoY, beating estimates of ~$195.36 million) and adjusted EPS of $1.55 (significantly above consensus of ~$1.28-$1.31). Management highlighted robust fee growth, continued AUM expansion, and positive momentum in private markets access.
However, shares experienced a notable pullback in mid-February (dropping from ~$113-123 range to lows near $98-101 by late February), potentially due to broader market volatility, private markets sentiment, or profit-taking despite the earnings beat. The company also declared a quarterly dividend of $0.54 per share (payable in March 2026), underscoring commitment to shareholder returns.
Recent highlights include leading a $500 million growth equity investment in VFN Holdings (announced around February 23, 2026), demonstrating active deployment and value-add partnerships.
The executive cluster buying on February 20, timed at the dip, suggests leadership views the reaction as overdone, betting on execution strength and sector tailwinds.
