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

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data 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%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year.

Hamilton Lane Stock Up 2.2 %

Shares of NASDAQ HLNE opened at $161.40 on Wednesday. The stock has a fifty day moving average price of $160.49 and a 200 day moving average price of $162.75. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 12-month low of $103.42 and a 12-month high of $203.72. The company has a market cap of $8.95 billion, a P/E ratio of 35.01 and a beta of 1.25.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a dividend of $0.49 per share. The ex-dividend date was Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.21%. Hamilton Lane’s payout ratio is 42.52%.

Analysts Set New Price Targets

Several research analysts have weighed in on HLNE shares. Wells Fargo & Company cut their price target on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their price target on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. UBS Group raised their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $170.86.

About Hamilton Lane

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.