Brokerages Expect Hamilton Lane Inc (HLNE) Will Post Earnings of $0.41 Per Share

Equities research analysts expect Hamilton Lane Inc (NASDAQ:HLNE) to announce earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hamilton Lane’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.37. Hamilton Lane reported earnings of $0.46 per share during the same quarter last year, which indicates a negative year over year growth rate of 10.9%. The company is scheduled to announce its next earnings report on Tuesday, February 5th.

On average, analysts expect that Hamilton Lane will report full year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.68 to $1.82. For the next year, analysts anticipate that the business will post earnings of $2.02 per share, with EPS estimates ranging from $1.80 to $2.16. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.12. The firm had revenue of $55.83 million for the quarter, compared to analyst estimates of $65.90 million. Hamilton Lane had a net margin of 10.41% and a return on equity of 67.76%. Hamilton Lane’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share.



HLNE has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Hamilton Lane from $49.00 to $48.00 and set a “hold” rating on the stock in a research note on Tuesday, October 9th. ValuEngine lowered shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $48.00 to $38.00 in a research note on Thursday, November 1st.

In other news, Vice Chairman Juan Delgado-Moreira bought 21,450 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was purchased at an average price of $37.04 per share, for a total transaction of $794,508.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Hartley R. Rogers sold 28,087 shares of the company’s stock in a transaction dated 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. In the last 90 days, insiders sold 129,157 shares of company stock valued at $6,094,704. 53.71% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HLNE. Meeder Asset Management Inc. bought a new position in Hamilton Lane in the 2nd quarter worth about $127,000. Massachusetts Financial Services Co. MA grew its position in Hamilton Lane by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 250,744 shares of the company’s stock worth $12,028,000 after purchasing an additional 3,486 shares during the last quarter. First Trust Advisors LP bought a new position in Hamilton Lane in the 2nd quarter worth about $3,518,000. D.A. Davidson & CO. bought a new position in Hamilton Lane in the 2nd quarter worth about $213,000. Finally, Jennison Associates LLC bought a new position in Hamilton Lane in the 2nd quarter worth about $852,000. Hedge funds and other institutional investors own 42.70% of the company’s stock.

HLNE traded down $0.73 on Friday, hitting $35.99. 221,200 shares of the company’s stock were exchanged, compared to its average volume of 186,966. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.54. Hamilton Lane has a twelve month low of $30.52 and a twelve month high of $54.59. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.45.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 14th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 13th. Hamilton Lane’s dividend payout ratio (DPR) is 51.83%.

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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