Hamilton Lane (NASDAQ:HLNE) Issues Quarterly Earnings Results

Hamilton Lane (NASDAQ:HLNE - Get Free Report) posted its earnings results on Tuesday. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.12, Zacks reports. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm's revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE traded up $0.36 during mid-day trading on Friday, reaching $167.19. The company's stock had a trading volume of 445,072 shares, compared to its average volume of 427,443. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72. The stock has a fifty day moving average of $159.05 and a two-hundred day moving average of $162.99. The firm has a market capitalization of $9.27 billion, a PE ratio of 36.27 and a beta of 1.25.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.17%. Hamilton Lane's dividend payout ratio is presently 42.52%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company upped their price objective on Hamilton Lane from $163.00 to $169.00 and gave the company an "equal weight" rating in a research report on Wednesday. Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $173.14.

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.