Hamilton Lane (NASDAQ:HLNE) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hamilton Lane (NASDAQ:HLNE) issued its quarterly earnings data on Wednesday. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01, Briefing.com reports. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year.

Hamilton Lane Price Performance

Shares of HLNE opened at $189.42 on Friday. The stock has a market cap of $10.27 billion, a P/E ratio of 43.54 and a beta of 1.18. Hamilton Lane has a 1 year low of $86.20 and a 1 year high of $196.60. The stock’s 50-day moving average price is $168.40 and its two-hundred day moving average price is $142.01. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.03%. Hamilton Lane’s dividend payout ratio is presently 45.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HLNE shares. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research report on Thursday. Morgan Stanley raised their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hamilton Lane has an average rating of “Hold” and an average target price of $179.00.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.