Hamilton Lane (NASDAQ:HLNE) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data on Tuesday. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate 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%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same period last year, the company posted $0.71 EPS. The business’s quarterly revenue was up 34.3% on a year-over-year basis.

Hamilton Lane Stock Down 0.1 %

HLNE opened at $170.09 on Thursday. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market capitalization of $9.43 billion, a P/E ratio of 36.76 and a beta of 1.25. The company has a fifty day moving average price of $160.06 and a 200-day moving average price of $162.80.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.15%. Hamilton Lane’s dividend payout ratio (DPR) is currently 42.52%.

Analyst Ratings Changes

Several research firms have recently weighed in on HLNE. Wells Fargo & Company lifted their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group lifted their price objective 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 boosted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $173.14.

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.