Hamilton Lane (NASDAQ:HLNE) Announces Quarterly Earnings Results

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

Hamilton Lane Stock Performance

NASDAQ:HLNE traded down $3.21 on Thursday, hitting $189.42. The company’s stock had a trading volume of 461,216 shares, compared to its average volume of 317,001. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $167.61 and a two-hundred day moving average of $141.67. The firm has a market capitalization of $10.27 billion, a P/E ratio of 43.60 and a beta of 1.18. Hamilton Lane has a one year low of $86.20 and a one year high of $196.60.

Hamilton Lane Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLNE. Wells Fargo & Company raised their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group raised their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley increased their price target on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $179.00.

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.