Hamilton Lane Inc (NASDAQ:HLNE) Expected to Announce Quarterly Sales of $72.35 Million

Wall Street analysts expect Hamilton Lane Inc (NASDAQ:HLNE) to announce $72.35 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Hamilton Lane’s earnings, with estimates ranging from $68.56 million to $74.50 million. Hamilton Lane reported sales of $55.83 million during the same quarter last year, which indicates a positive year over year growth rate of 29.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 5th.

On average, analysts expect that Hamilton Lane will report full-year sales of $299.21 million for the current fiscal year, with estimates ranging from $289.75 million to $309.80 million. For the next financial year, analysts forecast that the business will report sales of $346.19 million, with estimates ranging from $330.40 million to $356.73 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Hamilton Lane had a net margin of 14.24% and a return on equity of 61.94%. The firm had revenue of $65.00 million during the quarter, compared to the consensus estimate of $71.21 million. During the same quarter last year, the business posted $0.38 earnings per share. Hamilton Lane’s revenue was up 2.6% compared to the same quarter last year.

A number of brokerages recently weighed in on HLNE. CIBC began coverage on shares of Hamilton Lane in a research note on Tuesday, June 25th. They issued a “market perform” rating on the stock. Oppenheimer began coverage on shares of Hamilton Lane in a research note on Tuesday, June 25th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Keefe, Bruyette & Woods downgraded shares of Hamilton Lane from a “market perform” rating to an “underperform” rating and lifted their price target for the stock from $49.00 to $53.00 in a research note on Thursday, July 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Morgan Stanley lifted their price target on shares of Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.00.

In other Hamilton Lane news, major shareholder Michael John Kelly sold 3,792 shares of Hamilton Lane stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $52.79, for a total transaction of $200,179.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 43.91% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in shares of Hamilton Lane by 2.8% in the second quarter. Allianz Asset Management GmbH now owns 8,963 shares of the company’s stock worth $512,000 after purchasing an additional 241 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Hamilton Lane by 16.1% in the fourth quarter. Legal & General Group Plc now owns 2,589 shares of the company’s stock worth $96,000 after purchasing an additional 359 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Hamilton Lane by 10.3% in the fourth quarter. Squarepoint Ops LLC now owns 5,913 shares of the company’s stock worth $219,000 after purchasing an additional 552 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Hamilton Lane by 29.9% in the second quarter. SG Americas Securities LLC now owns 3,264 shares of the company’s stock worth $186,000 after purchasing an additional 752 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Hamilton Lane by 4.5% in the first quarter. Rhumbline Advisers now owns 21,280 shares of the company’s stock worth $927,000 after purchasing an additional 908 shares during the last quarter. Hedge funds and other institutional investors own 44.71% of the company’s stock.

Shares of HLNE stock traded up $0.26 during trading hours on Monday, reaching $55.51. The stock had a trading volume of 53,300 shares, compared to its average volume of 135,944. The stock’s fifty day simple moving average is $58.05 and its 200 day simple moving average is $50.13. The firm has a market capitalization of $2.80 billion, a PE ratio of 29.06, a PEG ratio of 1.79 and a beta of 1.01. The company has a current ratio of 2.35, a quick ratio of 1.92 and a debt-to-equity ratio of 0.46. Hamilton Lane has a 12 month low of $31.81 and a 12 month high of $62.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, September 13th. Hamilton Lane’s dividend payout ratio (DPR) is presently 57.59%.

About Hamilton Lane

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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