Equities analysts forecast that Hamilton Lane Inc (NASDAQ:HLNE) will announce $0.43 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hamilton Lane’s earnings, with estimates ranging from $0.34 to $0.48. Hamilton Lane posted earnings of $0.27 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 59.3%. The business is scheduled to announce its next earnings results on Tuesday, November 6th.
On average, analysts expect that Hamilton Lane will report full year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.51 to $1.75. For the next fiscal year, analysts anticipate that the company will report earnings of $2.07 per share, with EPS estimates ranging from $1.81 to $2.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The company had revenue of $63.36 million for the quarter, compared to the consensus estimate of $57.15 million. Hamilton Lane had a return on equity of 63.94% and a net margin of 8.14%.
Several equities research analysts have recently issued reports on HLNE shares. JPMorgan Chase & Co. raised their price target on Hamilton Lane from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, June 11th. Zacks Investment Research downgraded Hamilton Lane from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 9th. ValuEngine raised Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, Morgan Stanley raised their price target on Hamilton Lane from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, June 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $42.75.
In related news, major shareholder Oakville Number 2 Trust sold 100,000 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $47.26, for a total value of $4,726,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Hartley R. Rogers sold 28,087 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $47.26, for a total transaction of $1,327,391.62. The disclosure for this sale can be found here. 53.71% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in shares of Hamilton Lane by 21.3% in the second quarter. Northern Trust Corp now owns 185,250 shares of the company’s stock valued at $8,886,000 after buying an additional 32,575 shares during the period. FMR LLC lifted its stake in shares of Hamilton Lane by 366.3% in the second quarter. FMR LLC now owns 2,134,043 shares of the company’s stock valued at $102,370,000 after buying an additional 1,676,343 shares during the period. TPG Group Holdings SBS Advisors Inc. lifted its stake in shares of Hamilton Lane by 4.8% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,154,367 shares of the company’s stock valued at $55,375,000 after buying an additional 52,414 shares during the period. Bank of America Corp DE lifted its stake in shares of Hamilton Lane by 790.3% in the second quarter. Bank of America Corp DE now owns 26,040 shares of the company’s stock valued at $1,249,000 after buying an additional 23,115 shares during the period. Finally, Natixis bought a new stake in shares of Hamilton Lane in the second quarter valued at about $319,000. Institutional investors and hedge funds own 38.35% of the company’s stock.
Shares of NASDAQ:HLNE traded down $0.74 during midday trading on Thursday, hitting $44.89. The company’s stock had a trading volume of 172,600 shares, compared to its average volume of 178,816. The company has a market cap of $2.23 billion, a P/E ratio of 27.37, a P/E/G ratio of 1.84 and a beta of 0.90. Hamilton Lane has a fifty-two week low of $25.50 and a fifty-two week high of $54.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.19 and a current ratio of 2.19.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, September 14th will be paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 13th. Hamilton Lane’s payout ratio is presently 51.83%.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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