Hamilton Lane (HLNE) Announces Quarterly Earnings Results, Beats Expectations By $0.17 EPS

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%.

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in Hamilton Lane by 1,126.5% during the 3rd quarter. New York State Common Retirement Fund now owns 181,522 shares of the company’s stock worth $4,874,000 after acquiring an additional 166,722 shares during the last quarter. Grandeur Peak Global Advisors LLC boosted its holdings in Hamilton Lane by 68.8% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 246,068 shares of the company’s stock worth $6,607,000 after acquiring an additional 100,300 shares during the last quarter. Northern Trust Corp purchased a new position in Hamilton Lane during the 2nd quarter worth $3,209,000. State Street Corp purchased a new position in Hamilton Lane during the 2nd quarter worth $3,482,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Hamilton Lane during the 2nd quarter worth $1,294,000. 29.46% of the stock is currently owned by hedge funds and other institutional investors.

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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