Hamilton Lane (NASDAQ:HLNE) Issues Earnings Results

Hamilton Lane (NASDAQ:HLNE) released its earnings results on Tuesday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ 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 70.74%. The business had revenue of $65.01 million for the quarter, compared to analyst estimates of $51.39 million. The firm’s revenue for the quarter was up 53.6% compared to the same quarter last year.

Shares of Hamilton Lane (NASDAQ:HLNE) opened at $37.86 on Thursday. The company has a market cap of $1,697.52 and a P/E ratio of 27.44. The company has a current ratio of 1.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.78. Hamilton Lane has a 12-month low of $17.32 and a 12-month high of $40.43.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Wednesday, March 14th. Hamilton Lane’s payout ratio is presently 291.67%.

Several hedge funds have recently added to or reduced their stakes in HLNE. Wasatch Advisors Inc. purchased a new stake in shares of Hamilton Lane during the 3rd quarter valued at approximately $27,123,000. Thrivent Financial For Lutherans purchased a new stake in shares of Hamilton Lane during the 4th quarter valued at approximately $19,298,000. Vanguard Group Inc. purchased a new stake in shares of Hamilton Lane during the 2nd quarter valued at approximately $7,606,000. New York State Common Retirement Fund raised its position in shares of 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 valued at $4,874,000 after buying an additional 166,722 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Hamilton Lane by 62.5% during the 4th quarter. Renaissance Technologies LLC now owns 419,400 shares of the company’s stock valued at $14,843,000 after buying an additional 161,300 shares during the period. 29.50% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Morgan Stanley raised their target price on shares of Hamilton Lane from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price 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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