Hamilton Lane (NASDAQ:HLNE) Announces Earnings Results, Misses Estimates By $0.17 EPS

Hamilton Lane (NASDAQ:HLNEGet Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17), Briefing.com reports. The firm had revenue of $125.26 million for the quarter, compared to analysts’ expectations of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS.

Hamilton Lane Stock Down 0.8 %

HLNE opened at $113.18 on Friday. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 34.82 and a beta of 1.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 2.58. The firm’s fifty day moving average is $111.49 and its 200 day moving average is $97.36. Hamilton Lane has a fifty-two week low of $62.47 and a fifty-two week high of $121.06.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Friday, March 15th will be given a $0.445 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. Hamilton Lane’s payout ratio is currently 54.77%.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of Hamilton Lane by 13.8% in the first quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company’s stock worth $318,414,000 after acquiring an additional 498,381 shares during the period. BlackRock Inc. lifted its holdings in Hamilton Lane by 7.2% in the 2nd quarter. BlackRock Inc. now owns 3,101,085 shares of the company’s stock worth $248,025,000 after purchasing an additional 209,371 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hamilton Lane by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,028,084 shares of the company’s stock worth $234,040,000 after purchasing an additional 18,567 shares during the period. Macquarie Group Ltd. grew its holdings in Hamilton Lane by 2.4% during the 1st quarter. Macquarie Group Ltd. now owns 1,188,658 shares of the company’s stock valued at $87,937,000 after buying an additional 27,978 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Hamilton Lane by 2.8% during the first quarter. Invesco Ltd. now owns 1,117,166 shares of the company’s stock valued at $86,345,000 after buying an additional 30,563 shares during the last quarter. Hedge funds and other institutional investors own 67.13% of the company’s stock.

Analyst Ratings Changes

HLNE has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Hamilton Lane from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Finally, Morgan Stanley upped their price objective on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.33.

View Our Latest Report on Hamilton Lane

About Hamilton Lane

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Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.

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Earnings History for Hamilton Lane (NASDAQ:HLNE)

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