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

Hamilton Lane Stock Up 2.7 %

Shares of HLNE traded up $5.05 during trading hours on Friday, hitting $194.47. The stock had a trading volume of 450,922 shares, compared to its average volume of 328,891. The firm has a 50 day simple moving average of $169.23 and a 200-day simple moving average of $142.58. Hamilton Lane has a 1-year low of $89.28 and a 1-year high of $196.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a market capitalization of $10.54 billion, a P/E 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. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. UBS Group raised their price target on shares of 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 research report on Thursday. Finally, Morgan Stanley raised their price target on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average 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.