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

Hamilton Lane (NASDAQ:HLNE) announced its quarterly earnings results on Wednesday. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01, Briefing.com reports. The company had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS.

Hamilton Lane Trading Down 1.7 %

Shares of NASDAQ:HLNE traded down $3.21 during mid-day trading on Thursday, hitting $189.42. The stock had a trading volume of 461,216 shares, compared to its average volume of 317,001. The company’s 50 day moving average is $167.61 and its 200-day moving average is $141.67. Hamilton Lane has a 12-month low of $86.20 and a 12-month high of $196.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market cap of $10.27 billion, a PE ratio of 43.60 and a beta of 1.18.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is currently 45.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HLNE shares. UBS Group increased their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane presently has an average rating of “Hold” and an average price target 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.