Hamilton Lane (NASDAQ:HLNE) Issues Earnings Results

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data on Wednesday. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01, Briefing.com reports. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year.

Hamilton Lane Stock Performance

HLNE stock traded down $3.21 during midday trading on Thursday, reaching $189.42. The company had a trading volume of 461,216 shares, compared to its average volume of 317,001. The firm has a market capitalization of $10.27 billion, a PE ratio of 43.60 and a beta of 1.18. The stock has a 50 day moving average price of $167.61 and a 200 day moving average price of $141.67. Hamilton Lane has a fifty-two week low of $86.20 and a fifty-two week high of $196.60. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.03%. Hamilton Lane’s dividend payout ratio (DPR) is 45.06%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HLNE shares. The Goldman Sachs Group increased their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley raised their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $179.00.

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.