Hamilton Lane (NASDAQ:HLNE) Issues Quarterly Earnings Results

Hamilton Lane (NASDAQ:HLNE - Get Free Report) announced its quarterly earnings data on Thursday. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01, Briefing.com reports. The business had revenue of $197.97 million during the quarter, compared to analyst estimates of $165.49 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share.

Hamilton Lane Price Performance

NASDAQ:HLNE traded down $6.31 during mid-day trading on Friday, hitting $149.77. The company's stock had a trading volume of 1,480,590 shares, compared to its average volume of 454,498. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 27.63 and a beta of 1.31. The stock has a fifty day moving average of $152.75 and a 200-day moving average of $158.35. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane has a fifty-two week low of $114.85 and a fifty-two week high of $203.72.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, June 20th. This is a positive change from Hamilton Lane's previous quarterly dividend of $0.49. Hamilton Lane's dividend payout ratio is 36.16%.

Institutional Trading of Hamilton Lane

Hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock worth $57,000 after buying an additional 254 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Hamilton Lane by 4,806.7% during the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company's stock worth $759,000 after buying an additional 4,999 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Hamilton Lane by 6.0% during the first quarter. Royal Bank of Canada now owns 52,466 shares of the company's stock worth $7,800,000 after buying an additional 2,948 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLNE shares. Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a research report on Friday. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. cut their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley dropped their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $166.14.

About Hamilton Lane

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.