Analysts expect that Hamilton Lane Inc (NASDAQ:HLNE) will report earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hamilton Lane’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.59. Hamilton Lane reported earnings per share of $0.55 in the same quarter last year, which indicates a negative year over year growth rate of 7.3%. The company is expected to announce its next earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Hamilton Lane will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $1.94 to $2.12. For the next fiscal year, analysts forecast that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.42. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). The company 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%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share.
Several brokerages recently issued reports on HLNE. Keefe, Bruyette & Woods lowered shares of Hamilton Lane from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $49.00 to $53.00 in a research note on Thursday, July 11th. They noted that the move was a valuation call. Oppenheimer began coverage on shares of Hamilton Lane in a research note on Tuesday, June 25th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. CIBC began coverage on shares of Hamilton Lane in a research note on Tuesday, June 25th. They set a “market perform” rating on the stock. Zacks Investment Research lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Morgan Stanley increased their target price on shares of Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Hamilton Lane currently has an average rating of “Hold” and an average target price of $51.00.
In other Hamilton Lane news, major shareholder Michael John Kelly sold 3,792 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $52.79, for a total value of $200,179.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 43.91% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its stake in shares of Hamilton Lane by 578.4% in the second quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock valued at $65,000 after buying an additional 966 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Lane in the second quarter valued at $78,000. Bank of Montreal Can bought a new position in shares of Hamilton Lane in the second quarter valued at $110,000. SG Americas Securities LLC bought a new position in shares of Hamilton Lane in the first quarter valued at $109,000. Finally, Legal & General Group Plc lifted its stake in shares of Hamilton Lane by 16.1% in the fourth quarter. Legal & General Group Plc now owns 2,589 shares of the company’s stock valued at $96,000 after buying an additional 359 shares in the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ HLNE traded up $0.26 on Friday, hitting $55.51. 53,300 shares of the company were exchanged, compared to its average volume of 135,944. The company has a market cap of $2.80 billion, a PE ratio of 29.06, a PEG ratio of 1.79 and a beta of 1.01. Hamilton Lane has a 12 month low of $31.81 and a 12 month high of $62.38. The stock has a fifty day moving average of $58.05 and a 200-day moving average of $50.13. The company has a current ratio of 2.35, a quick ratio of 1.92 and a debt-to-equity ratio of 0.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, September 13th. Hamilton Lane’s dividend payout ratio (DPR) is 57.59%.
About Hamilton Lane
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.
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