Equities analysts expect that Hamilton Lane Inc (NASDAQ:HLNE) will post $72.35 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hamilton Lane’s earnings. The lowest sales estimate is $68.56 million and the highest is $74.50 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 report its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that Hamilton Lane will report full-year sales of $299.21 million for the current year, with estimates ranging from $289.75 million to $309.80 million. For the next year, analysts forecast that the firm will post sales of $346.19 million, with estimates ranging from $330.40 million to $356.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $71.21 million. Hamilton Lane had a return on equity of 61.94% and a net margin of 14.24%. Hamilton Lane’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS.
Several research analysts have recently issued reports on the company. Oppenheimer assumed coverage on Hamilton Lane in a research note on Tuesday, June 25th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Keefe, Bruyette & Woods lowered 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 report on Thursday, July 11th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on Hamilton Lane from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 31st. CIBC began coverage on Hamilton Lane in a research report on Tuesday, June 25th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $51.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in Hamilton Lane during the 1st quarter worth approximately $970,000. OppenheimerFunds Inc. lifted its stake in shares of Hamilton Lane by 12.4% during the 1st quarter. OppenheimerFunds Inc. now owns 605,973 shares of the company’s stock worth $26,409,000 after purchasing an additional 66,823 shares during the period. Rhumbline Advisers raised its position in shares of Hamilton Lane by 4.5% in the 1st quarter. Rhumbline Advisers now owns 21,280 shares of the company’s stock worth $927,000 after buying an additional 908 shares during the period. Foresters Investment Management Company Inc. raised its position in shares of Hamilton Lane by 47.3% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 272,900 shares of the company’s stock worth $15,572,000 after buying an additional 87,650 shares during the period. Finally, Wasatch Advisors Inc. raised its position in shares of Hamilton Lane by 7.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,067,597 shares of the company’s stock worth $117,977,000 after buying an additional 143,177 shares during the period. 44.50% of the stock is owned by hedge funds and other institutional investors.
Hamilton Lane stock traded up $1.84 during midday trading on Tuesday, reaching $63.88. The company’s stock had a trading volume of 186,174 shares, compared to its average volume of 139,467. The stock’s 50-day simple moving average is $58.18 and its 200-day simple moving average is $51.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.35 and a quick ratio of 2.35. Hamilton Lane has a 52-week low of $31.81 and a 52-week high of $64.64. The stock has a market capitalization of $3.25 billion, a P/E ratio of 33.45, a PEG ratio of 2.02 and a beta of 0.99.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, September 13th. Hamilton Lane’s payout ratio is currently 57.59%.
Hamilton Lane Company Profile
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.
See Also: Rule of 72
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.