Brokerages Anticipate Hamilton Lane Inc (HLNE) Will Post Earnings of $0.43 Per Share

Brokerages forecast that Hamilton Lane Inc (NASDAQ:HLNE) will announce $0.43 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hamilton Lane’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.34. Hamilton Lane reported earnings per share of $0.27 in the same quarter last year, which would suggest a positive year over year growth rate of 59.3%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Hamilton Lane will report full year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.51 to $1.75. For the next year, analysts forecast that the company will report earnings of $2.07 per share, with EPS estimates ranging from $1.80 to $2.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 7th. The company reported $0.38 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.38. Hamilton Lane had a net margin of 8.14% and a return on equity of 63.94%. The company had revenue of $63.36 million during the quarter, compared to the consensus estimate of $57.15 million.

A number of research firms recently weighed in on HLNE. Morgan Stanley dropped their price target on shares of Hamilton Lane from $49.00 to $48.00 and set a “hold” rating for the company in a research note on Tuesday, October 9th. ValuEngine downgraded shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th.

Shares of NASDAQ HLNE traded up $0.18 during trading on Friday, reaching $39.72. The company had a trading volume of 18,163 shares, compared to its average volume of 247,719. Hamilton Lane has a 52 week low of $26.51 and a 52 week high of $54.59. The company has a market cap of $1.96 billion, a PE ratio of 24.22, a P/E/G ratio of 1.62 and a beta of 1.05. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.58.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Friday, September 14th were paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, September 13th. Hamilton Lane’s dividend payout ratio (DPR) is 51.83%.

In related news, Chairman Hartley R. Rogers sold 28,087 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $47.26, for a total transaction of $1,327,391.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Oakville Number 2 Trust sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $47.26, for a total transaction of $4,726,000.00. The disclosure for this sale can be found here. Insiders own 53.71% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in Hamilton Lane during the second quarter valued at approximately $127,000. PNC Financial Services Group Inc. acquired a new position in Hamilton Lane during the first quarter valued at approximately $122,000. Great West Life Assurance Co. Can acquired a new position in Hamilton Lane during the first quarter valued at approximately $137,000. GSA Capital Partners LLP acquired a new position in Hamilton Lane during the second quarter valued at approximately $206,000. Finally, D.A. Davidson & CO. acquired a new position in Hamilton Lane during the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 38.35% of the company’s stock.

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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