Wall Street analysts predict that Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) will announce sales of $99.63 million for the current quarter, according to Zacks. Two analysts have made estimates for Hamilton Lane’s earnings, with estimates ranging from $97.95 million to $101.30 million. Hamilton Lane reported sales of $102.88 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Hamilton Lane will report full year sales of $363.69 million for the current fiscal year, with estimates ranging from $357.79 million to $368.30 million. For the next year, analysts forecast that the company will report sales of $435.85 million, with estimates ranging from $395.03 million to $474.31 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE – Get Rating) last announced its quarterly earnings data on Tuesday, February 1st. The company reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.33. The firm had revenue of $91.70 million during the quarter, compared to analysts’ expectations of $97.41 million. Hamilton Lane had a return on equity of 62.83% and a net margin of 54.14%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLNE. Dimensional Fund Advisors LP boosted its position in shares of Hamilton Lane by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 395,788 shares of the company’s stock valued at $33,573,000 after purchasing an additional 7,889 shares in the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $3,817,000. Massachusetts Financial Services Co. MA boosted its position in shares of Hamilton Lane by 108.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 725,549 shares of the company’s stock valued at $61,541,000 after purchasing an additional 377,859 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $364,000. Finally, Man Group plc boosted its position in shares of Hamilton Lane by 6.0% during the 3rd quarter. Man Group plc now owns 64,988 shares of the company’s stock valued at $5,512,000 after purchasing an additional 3,682 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.
NASDAQ HLNE traded down $2.28 during midday trading on Monday, hitting $71.20. The company had a trading volume of 206,309 shares, compared to its average volume of 237,589. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. Hamilton Lane has a twelve month low of $70.13 and a twelve month high of $116.00. The company has a market capitalization of $3.79 billion, a PE ratio of 15.51 and a beta of 0.95. The firm has a 50-day moving average price of $77.04 and a 200-day moving average price of $91.70.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Tuesday, March 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.97%. Hamilton Lane’s dividend payout ratio (DPR) is presently 30.50%.
Hamilton Lane Company Profile (Get Rating)
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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