Wall Street analysts expect that Hamilton Lane Inc (NASDAQ:HLNE) will announce $62.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hamilton Lane’s earnings, with the highest sales estimate coming in at $67.40 million and the lowest estimate coming in at $57.99 million. Hamilton Lane posted sales of $65.01 million in the same quarter last year, which suggests a negative year over year growth rate of 3.6%. The firm is expected to issue its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that Hamilton Lane will report full-year sales of $247.08 million for the current fiscal year, with estimates ranging from $237.71 million to $258.00 million. For the next fiscal year, analysts expect that the business will post sales of $309.33 million, with estimates ranging from $291.29 million to $322.90 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. Hamilton Lane had a net margin of 10.41% and a return on equity of 67.76%. The company had revenue of $55.83 million for the quarter, compared to the consensus estimate of $65.90 million. During the same period in the previous year, the firm earned $0.27 EPS. Hamilton Lane’s revenue was up 14.6% on a year-over-year basis.
HLNE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $48.00 to $38.00 in a research report on Thursday, November 1st. Morgan Stanley dropped their price target on shares of Hamilton Lane from $49.00 to $48.00 and set a “hold” rating on the stock in a research report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Finally, ValuEngine downgraded shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.
HLNE stock opened at $37.82 on Monday. Hamilton Lane has a 52 week low of $30.52 and a 52 week high of $54.59. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.19 and a current ratio of 2.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Friday, December 14th will be paid a $0.2125 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.85 annualized dividend and a dividend yield of 2.25%. Hamilton Lane’s dividend payout ratio is currently 51.83%.
In other Hamilton Lane news, Vice Chairman Juan Delgado-Moreira acquired 21,450 shares of the stock in a transaction dated Wednesday, November 14th. The shares were bought at an average price of $37.04 per share, with a total value of $794,508.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Hartley R. Rogers sold 28,087 shares of Hamilton Lane stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $47.26, for a total transaction of $1,327,391.62. The disclosure for this sale can be found here. Insiders sold a total of 129,157 shares of company stock worth $6,094,704 in the last ninety days. Corporate insiders own 53.71% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Hamilton Lane by 7.7% in the 3rd quarter. FMR LLC now owns 2,297,625 shares of the company’s stock worth $101,739,000 after purchasing an additional 163,582 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Hamilton Lane by 5.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 1,715,242 shares of the company’s stock worth $75,951,000 after purchasing an additional 81,521 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hamilton Lane by 18.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,446,535 shares of the company’s stock worth $64,052,000 after purchasing an additional 228,948 shares during the last quarter. TPG Group Holdings SBS Advisors Inc. grew its stake in shares of Hamilton Lane by 4.8% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,154,367 shares of the company’s stock worth $55,375,000 after purchasing an additional 52,414 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Hamilton Lane by 11.8% in the 2nd quarter. BlackRock Inc. now owns 1,132,167 shares of the company’s stock worth $54,309,000 after purchasing an additional 119,371 shares during the last quarter. 42.15% of the stock is currently owned by institutional investors.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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