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

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data on Wednesday. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01, Briefing.com reports. Hamilton Lane had a return on equity of 37.20% and a net margin of 28.03%. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE traded up $5.05 during trading on Friday, reaching $194.47. 450,922 shares of the stock were exchanged, compared to its average volume of 328,891. Hamilton Lane has a 12 month low of $89.28 and a 12 month high of $196.60. The stock has a 50-day moving average price of $169.23 and a 200-day moving average price of $142.58. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The firm has a market cap of $10.54 billion, a PE ratio of 42.18 and a beta of 1.18.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HLNE shares. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. UBS Group boosted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Hold” and a consensus 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.