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

Analysts predict that Hamilton Lane Inc (NASDAQ:HLNE) will report sales of $72.35 million for the current quarter, according to Zacks. Three analysts have made estimates for Hamilton Lane’s earnings, with the highest sales estimate coming in at $74.50 million and the lowest estimate coming in at $68.56 million. Hamilton Lane reported sales of $55.83 million in the same quarter last year, which indicates a positive year-over-year growth rate of 29.6%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, November 5th.

On average, analysts expect that Hamilton Lane will report full year sales of $296.67 million for the current fiscal year, with estimates ranging from $289.75 million to $302.30 million. For the next financial year, analysts anticipate that the company will post sales of $346.52 million, with estimates ranging from $330.40 million to $356.73 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Hamilton Lane.

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

Several equities research analysts have weighed in on HLNE shares. BidaskClub cut shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Keefe, Bruyette & Woods cut shares of Hamilton Lane from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $49.00 to $53.00 in a research report on Thursday, July 11th. They noted that the move was a valuation call. CIBC started coverage on shares of Hamilton Lane in a research report on Tuesday, June 25th. They set a “market perform” rating for the company. Wells Fargo & Co lifted their price target on shares of Hamilton Lane from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Thursday, September 12th. Finally, ValuEngine cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $52.80.

In related news, major shareholder Hartley R. Rogers sold 78,456 shares of Hamilton Lane stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $60.01, for a total transaction of $4,708,144.56. 43.91% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its stake in Hamilton Lane by 578.4% in the second quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock valued at $65,000 after buying an additional 966 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Hamilton Lane in the second quarter valued at approximately $78,000. Bank of Montreal Can bought a new position in Hamilton Lane in the second quarter valued at approximately $110,000. SG Americas Securities LLC lifted its stake in Hamilton Lane by 29.9% in the second quarter. SG Americas Securities LLC now owns 3,264 shares of the company’s stock valued at $186,000 after buying an additional 752 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Hamilton Lane in the second quarter valued at approximately $229,000. 46.49% of the stock is currently owned by institutional investors and hedge funds.

HLNE traded up $0.07 during midday trading on Friday, hitting $59.13. The company had a trading volume of 2,398 shares, compared to its average volume of 149,710. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $3.01 billion, a PE ratio of 31.05, a P/E/G ratio of 1.91 and a beta of 0.96. Hamilton Lane has a twelve month low of $31.81 and a twelve month high of $64.64. The firm’s 50-day simple moving average is $58.87 and its 200-day simple moving average is $54.93.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Friday, September 13th. Hamilton Lane’s dividend payout ratio is 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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