Hamilton Lane (NASDAQ:HLNE) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Hamilton Lane (NASDAQ:HLNE) issued its quarterly earnings results on Tuesday. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12, Zacks reports. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane’s revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $161.40 on Wednesday. The business has a 50 day simple moving average of $160.49 and a 200-day simple moving average of $162.75. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a market capitalization of $8.95 billion, a PE ratio of 35.01 and a beta of 1.25.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.49 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.21%. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analyst Weigh In

HLNE has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. Morgan Stanley raised their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price objective on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price on the stock in a research report on Tuesday, January 21st. 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 report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.86.

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.