Hamilton Lane (NASDAQ:HLNE) released its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36, Briefing.com reports. Hamilton Lane had a net margin of 13.31% and a return on equity of 56.54%. The business had revenue of $67.00 million for the quarter, compared to analysts’ expectations of $67.15 million. During the same period last year, the business earned $0.58 EPS. The company’s revenue was down 13.7% compared to the same quarter last year.
HLNE stock opened at $48.50 on Friday. The company has a market capitalization of $2.50 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.42. Hamilton Lane has a 52 week low of $31.81 and a 52 week high of $54.59.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a $0.275 dividend. The ex-dividend date is Thursday, June 13th. This is a boost from Hamilton Lane’s previous quarterly dividend of $0.21. This represents a $1.10 dividend on an annualized basis and a yield of 2.27%. Hamilton Lane’s dividend payout ratio (DPR) is 44.50%.
A number of hedge funds have recently added to or reduced their stakes in HLNE. JPMorgan Chase & Co. boosted its stake in Hamilton Lane by 6,643.4% in the 1st quarter. JPMorgan Chase & Co. now owns 746,152 shares of the company’s stock worth $32,517,000 after purchasing an additional 735,087 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Hamilton Lane during the 4th quarter valued at approximately $20,617,000. Vanguard Group Inc. lifted its stake in Hamilton Lane by 18.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,446,535 shares of the company’s stock valued at $64,052,000 after acquiring an additional 228,948 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Hamilton Lane by 69.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 424,874 shares of the company’s stock valued at $15,720,000 after acquiring an additional 174,167 shares during the period. Finally, BlackRock Inc. lifted its stake in Hamilton Lane by 15.1% during the 4th quarter. BlackRock Inc. now owns 1,264,314 shares of the company’s stock valued at $46,780,000 after acquiring an additional 165,902 shares during the period. Institutional investors own 46.07% of the company’s stock.
A number of research firms have recently weighed in on HLNE. Zacks Investment Research cut shares of Hamilton Lane from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. Morgan Stanley upgraded shares of Hamilton Lane from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $44.00 to $56.00 in a report on Thursday, April 11th. Macquarie upgraded shares of Hamilton Lane from a “neutral” rating to an “outperform” rating in a report on Thursday, April 11th. Finally, TheStreet upgraded shares of Hamilton Lane from a “c” rating to a “b-” rating in a research note on Thursday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $49.00.
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About Hamilton Lane
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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