Hamilton Lane (NASDAQ:HLNE) Posts Earnings Results, Beats Estimates By $0.12 EPS

Hamilton Lane (NASDAQ:HLNE) released its earnings results on Tuesday. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12, Zacks reports. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%.

Hamilton Lane Trading Down 0.7 %

HLNE opened at $158.00 on Tuesday. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 34.27 and a beta of 1.25. The stock’s 50 day moving average price is $161.25 and its 200-day moving average price is $162.60. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.24%. Hamilton Lane’s payout ratio is currently 42.52%.

Wall Street Analyst Weigh In

HLNE has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price objective on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. Finally, UBS Group lifted their target price on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Hamilton Lane currently has an average rating of “Hold” and an average price target of $170.86.

Hamilton Lane Company Profile

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.