Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings results on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.17, Bloomberg Earnings reports. Hamilton Lane had a net margin of 2.09% and a return on equity of 72.98%. The business had revenue of $65.01 million during the quarter, compared to the consensus estimate of $51.39 million. The business’s revenue was up 53.6% on a year-over-year basis.
Hamilton Lane (HLNE) opened at $37.28 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $1,662.11 and a price-to-earnings ratio of 26.87. Hamilton Lane has a fifty-two week low of $17.32 and a fifty-two week high of $40.43.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, March 14th. Hamilton Lane’s dividend payout ratio is 291.67%.
Separately, Morgan Stanley lifted their price target on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Hamilton Lane currently has a consensus rating of “Hold” and a consensus price target of $24.00.
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Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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