Hamilton Lane Inc (NASDAQ:HLNE) – Stock analysts at Oppenheimer reduced their Q3 2020 earnings per share (EPS) estimates for Hamilton Lane in a report issued on Tuesday, November 5th. Oppenheimer analyst C. Kotowski now anticipates that the company will post earnings of $0.51 per share for the quarter, down from their prior forecast of $0.54. Oppenheimer also issued estimates for Hamilton Lane’s Q4 2020 earnings at $0.52 EPS, FY2020 earnings at $1.98 EPS, Q1 2021 earnings at $0.55 EPS, Q2 2021 earnings at $0.56 EPS, Q3 2021 earnings at $0.58 EPS and FY2021 earnings at $2.26 EPS.
Several other analysts have also recently weighed in on HLNE. Wells Fargo & Co raised their price objective on shares of Hamilton Lane from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Thursday, September 12th. Keefe, Bruyette & Woods cut shares of Hamilton Lane from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $49.00 to $53.00 in a research report on Thursday, July 11th. They noted that the move was a valuation call. ValuEngine cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Finally, BidaskClub cut shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.50.
Shares of Hamilton Lane stock traded down $0.06 on Friday, hitting $55.41. 85,700 shares of the company traded hands, compared to its average volume of 152,026. The firm’s 50-day simple moving average is $58.06 and its 200 day simple moving average is $56.01. The company has a current ratio of 2.68, a quick ratio of 2.35 and a debt-to-equity ratio of 0.39. The company has a market cap of $2.91 billion, a P/E ratio of 29.01, a P/E/G ratio of 1.87 and a beta of 0.96. Hamilton Lane has a 12-month low of $32.43 and a 12-month high of $64.64.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.01). The company had revenue of $64.29 million for the quarter, compared to analysts’ expectations of $70.71 million. Hamilton Lane had a net margin of 15.34% and a return on equity of 56.89%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, December 13th. Hamilton Lane’s dividend payout ratio is currently 57.59%.
In related news, major shareholder Hartley R. Rogers sold 78,456 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $60.01, for a total transaction of $4,708,144.56. 43.91% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in HLNE. SG Americas Securities LLC grew its holdings in shares of Hamilton Lane by 29.9% during the 2nd quarter. SG Americas Securities LLC now owns 3,264 shares of the company’s stock valued at $186,000 after purchasing an additional 752 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Hamilton Lane in the 2nd quarter worth $78,000. First Trust Advisors LP grew its holdings in Hamilton Lane by 117.5% in the 2nd quarter. First Trust Advisors LP now owns 64,636 shares of the company’s stock worth $3,688,000 after acquiring an additional 34,917 shares during the last quarter. Advisor Group Inc. grew its holdings in Hamilton Lane by 578.4% in the 2nd quarter. Advisor Group Inc. now owns 1,133 shares of the company’s stock worth $65,000 after acquiring an additional 966 shares during the last quarter. Finally, Swiss National Bank bought a new stake in Hamilton Lane in the 2nd quarter worth $2,031,000. 47.10% 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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