Hamilton Lane (NASDAQ:HLNE) Shares Gap Up on Strong Earnings

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $158.00, but opened at $165.37. Hamilton Lane shares last traded at $164.22, with a volume of 45,993 shares trading hands.

The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. Hamilton Lane's revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.49 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. Hamilton Lane's dividend payout ratio (DPR) is currently 42.52%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HLNE shares. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. The Goldman Sachs Group lowered Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Morgan Stanley raised their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $173.14.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors and hedge funds have recently bought and sold shares of HLNE. CWM LLC boosted its position in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after acquiring an additional 156 shares during the period. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane in the 3rd quarter valued at about $111,000. Harvest Fund Management Co. Ltd purchased a new stake in Hamilton Lane during the third quarter worth about $127,000. Finally, KBC Group NV lifted its position in shares of Hamilton Lane by 18.0% during the third quarter. KBC Group NV now owns 1,141 shares of the company's stock worth $192,000 after purchasing an additional 174 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market cap of $9.27 billion, a PE ratio of 36.27 and a beta of 1.25. The company's 50 day moving average price is $159.55 and its 200 day moving average price is $162.83.

Hamilton Lane Company Profile

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.