Equities research analysts expect Hamilton Lane Inc (NASDAQ:HLNE) to announce $62.70 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hamilton Lane’s earnings. The lowest sales estimate is $57.99 million and the highest is $67.40 million. Hamilton Lane reported sales of $65.01 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Hamilton Lane will report full year sales of $247.08 million for the current fiscal year, with estimates ranging from $237.71 million to $258.00 million. For the next financial year, analysts anticipate that the business will post sales of $309.33 million, with estimates ranging from $291.29 million to $322.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.12. The business had revenue of $55.83 million for the quarter, compared to analysts’ expectations of $65.90 million. Hamilton Lane had a net margin of 10.41% and a return on equity of 67.76%. The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS.
A number of research firms recently issued reports on HLNE. Zacks Investment Research cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. ValuEngine cut shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Morgan Stanley dropped their price target on shares of Hamilton Lane from $48.00 to $43.00 and set a “hold” rating on the stock in a research note on Wednesday, November 14th. Finally, JPMorgan Chase & Co. cut shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $48.00 to $38.00 in a research note on Thursday, November 1st.
In other news, Vice Chairman Juan Delgado-Moreira acquired 21,450 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were bought at an average price of $37.04 per share, for a total transaction of $794,508.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Oakville Number 2 Trust sold 100,000 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $47.26, for a total value of $4,726,000.00. The disclosure for this sale can be found here. Insiders sold a total of 129,157 shares of company stock worth $6,094,704 in the last three months. 53.71% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Hamilton Lane by 1.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 250,744 shares of the company’s stock worth $12,028,000 after acquiring an additional 3,486 shares during the period. First Trust Advisors LP purchased a new position in shares of Hamilton Lane during the 2nd quarter worth $3,518,000. D.A. Davidson & CO. purchased a new position in shares of Hamilton Lane during the 2nd quarter worth $213,000. Jennison Associates LLC purchased a new position in shares of Hamilton Lane during the 2nd quarter worth $852,000. Finally, Rhumbline Advisers raised its holdings in shares of Hamilton Lane by 19.9% during the 2nd quarter. Rhumbline Advisers now owns 14,467 shares of the company’s stock worth $694,000 after acquiring an additional 2,402 shares during the period. Institutional investors own 42.70% of the company’s stock.
Hamilton Lane stock traded down $0.88 during trading on Monday, reaching $35.11. The company had a trading volume of 129,487 shares, compared to its average volume of 125,021. Hamilton Lane has a 1-year low of $30.52 and a 1-year high of $54.59. The stock has a market capitalization of $1.80 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.19 and a current ratio of 2.19.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be paid a $0.2125 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.85 dividend on an annualized basis and a yield of 2.42%. Hamilton Lane’s dividend payout ratio is currently 51.83%.
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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