Hamilton Lane (NASDAQ:HLNE) Announces Earnings Results

Hamilton Lane (NASDAQ:HLNE) posted its earnings results on Tuesday. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12, Zacks reports. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%.

Hamilton Lane Trading Down 0.7 %

Shares of Hamilton Lane stock opened at $158.00 on Tuesday. The firm has a market capitalization of $8.76 billion, a PE ratio of 34.27 and a beta of 1.25. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72. The firm’s 50-day moving average price is $161.25 and its 200 day moving average price is $162.60. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Analyst Upgrades and Downgrades

HLNE has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Wells Fargo & Company cut their target price on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley upped their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Hamilton Lane has a consensus 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.