Equities research analysts forecast that Hamilton Lane Inc (NASDAQ:HLNE) will announce $51.80 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hamilton Lane’s earnings, with the lowest sales estimate coming in at $50.59 million and the highest estimate coming in at $53.00 million. Hamilton Lane posted sales of $46.68 million during the same quarter last year, which would indicate a positive year over year growth rate of 11%. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Hamilton Lane will report full year sales of $51.80 million for the current fiscal year, with estimates ranging from $203.18 million to $218.60 million. For the next fiscal year, analysts anticipate that the firm will post sales of $257.07 million per share, with estimates ranging from $248.59 million to $268.33 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.17. Hamilton Lane had a net margin of 2.09% and a return on equity of 70.74%. The firm had revenue of $65.01 million for the quarter, compared to analysts’ expectations of $51.39 million. Hamilton Lane’s revenue was up 53.6% on a year-over-year basis.
Separately, Morgan Stanley reiterated an “equal weight” rating and set a $39.00 price objective (up from $38.00) on shares of Hamilton Lane in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Hamilton Lane has an average rating of “Hold” and a consensus target price of $26.00.
Hamilton Lane (NASDAQ:HLNE) traded up $0.98 during midday trading on Wednesday, reaching $36.99. 238,748 shares of the company’s stock traded hands, compared to its average volume of 309,078. Hamilton Lane has a 12-month low of $17.32 and a 12-month high of $40.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $1,748.90 and a PE ratio of 154.13.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders 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 yield of 1.89%. The ex-dividend date is Wednesday, March 14th. Hamilton Lane’s payout ratio is 291.67%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HLNE. Wasatch Advisors Inc. purchased a new position in Hamilton Lane during the 3rd quarter worth approximately $27,123,000. Thrivent Financial For Lutherans purchased a new position in Hamilton Lane during the 4th quarter worth approximately $19,298,000. Vanguard Group Inc. purchased a new position in Hamilton Lane during the 2nd quarter worth approximately $7,606,000. New York State Common Retirement Fund grew its position in 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 worth $4,874,000 after purchasing an additional 166,722 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Hamilton Lane by 62.5% during the 4th quarter. Renaissance Technologies LLC now owns 419,400 shares of the company’s stock worth $14,843,000 after purchasing an additional 161,300 shares in the last quarter. Hedge funds and other institutional investors own 29.24% of the company’s stock.
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About Hamilton Lane
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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