Hamilton Lane (HLNE) Releases Earnings Results, Beats Expectations By $0.17 EPS

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.29 by $0.17, Bloomberg Earnings reports. The firm had revenue of $65.01 million during the quarter, compared to analyst estimates of $51.39 million. Hamilton Lane had a net margin of 2.09% and a return on equity of 70.74%. The business’s revenue for the quarter was up 53.6% on a year-over-year basis.

Shares of Hamilton Lane (NASDAQ:HLNE) opened at $36.31 on Thursday. Hamilton Lane has a twelve month low of $17.32 and a twelve month high of $40.43. The stock has a market cap of $1,740.60 and a price-to-earnings ratio of 151.08. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.78.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Wednesday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 291.67%.

A number of hedge funds and other institutional investors have recently made changes to their positions in HLNE. Oppenheimer Asset Management Inc. purchased a new stake in Hamilton Lane during the third quarter worth $160,000. JPMorgan Chase & Co. lifted its holdings in Hamilton Lane by 44.2% during the third quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $163,000 after purchasing an additional 1,900 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Hamilton Lane by 84.5% during the second quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock valued at $178,000 after purchasing an additional 3,710 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Hamilton Lane during the fourth quarter valued at $215,000. Finally, Jane Street Group LLC purchased a new position in Hamilton Lane during the fourth quarter valued at $225,000. 31.42% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Morgan Stanley upped their price target on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.00.

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Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

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