Hamilton Lane (NASDAQ:HLNE) Issues Earnings Results

Hamilton Lane (NASDAQ:HLNE) released 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 firm had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS.

Hamilton Lane Trading Down 1.7 %

Hamilton Lane stock opened at $189.42 on Friday. 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 stock has a 50-day simple moving average of $168.40 and a 200 day simple moving average of $142.01. The stock has a market capitalization of $10.27 billion, a P/E ratio of 43.54 and a beta of 1.18. Hamilton Lane has a 52 week low of $86.20 and a 52 week high of $196.60.

Hamilton Lane Announces Dividend

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

Analyst Upgrades and Downgrades

HLNE has been the topic of several research reports. UBS Group boosted their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley increased their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.