Hamilton Lane (NASDAQ:HLNE) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Hamilton Lane (NASDAQ:HLNE) released its quarterly earnings data on Thursday. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06, FiscalAI reports. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. During the same period in the previous year, the company posted $1.21 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis.

Hamilton Lane Stock Up 2.0%

NASDAQ HLNE traded up $1.73 on Thursday, hitting $86.84. The stock had a trading volume of 46,615 shares, compared to its average volume of 756,828. The business’s fifty day moving average price is $95.86 and its 200 day moving average price is $118.02. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 15.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.27 and a quick ratio of 3.27. Hamilton Lane has a 52-week low of $82.68 and a 52-week high of $179.19.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating on the stock in a research note on Monday. Oppenheimer cut their price objective on shares of Hamilton Lane from $230.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Finally, BMO Capital Markets cut their price target on Hamilton Lane from $148.00 to $118.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $153.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. Royal Bank of Canada boosted its holdings in Hamilton Lane by 6.0% in the first quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock worth $7,800,000 after acquiring an additional 2,948 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Hamilton Lane by 4,806.7% in the 1st quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock valued at $759,000 after purchasing an additional 4,999 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Hamilton Lane by 196.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock valued at $57,000 after purchasing an additional 254 shares during the last quarter. First Trust Advisors LP boosted its stake in Hamilton Lane by 26.7% in the 2nd quarter. First Trust Advisors LP now owns 31,483 shares of the company’s stock worth $4,474,000 after purchasing an additional 6,636 shares in the last quarter. Finally, Amundi grew its position in Hamilton Lane by 39,766.7% during the 2nd quarter. Amundi now owns 2,392 shares of the company’s stock worth $347,000 after purchasing an additional 2,386 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.