Hamilton Lane Incorporated (NASDAQ:HLNE) – Investment analysts at Oppenheimer reduced their Q3 2021 EPS estimates for Hamilton Lane in a research report issued to clients and investors on Tuesday, January 12th. Oppenheimer analyst C. Kotowski now anticipates that the company will earn $0.52 per share for the quarter, down from their previous estimate of $0.53. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Hamilton Lane’s Q3 2022 earnings at $0.60 EPS and Q4 2022 earnings at $0.63 EPS.
Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.18. Hamilton Lane had a net margin of 19.78% and a return on equity of 44.51%. The company had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $71.02 million. During the same period in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was up 31.3% compared to the same quarter last year.
Shares of HLNE stock opened at $81.34 on Thursday. Hamilton Lane has a 12-month low of $36.27 and a 12-month high of $84.55. The firm has a 50 day moving average price of $75.93 and a two-hundred day moving average price of $70.81. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $4.29 billion, a PE ratio of 42.15 and a beta of 0.82.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. raised its position in Hamilton Lane by 8.8% in the third quarter. Sei Investments Co. now owns 76,281 shares of the company’s stock worth $4,924,000 after acquiring an additional 6,143 shares in the last quarter. BlackRock Inc. grew its stake in shares of Hamilton Lane by 50.5% in the third quarter. BlackRock Inc. now owns 3,127,753 shares of the company’s stock valued at $202,023,000 after buying an additional 1,049,262 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Hamilton Lane by 22.1% during the third quarter. The Manufacturers Life Insurance Company now owns 16,767 shares of the company’s stock worth $1,083,000 after buying an additional 3,038 shares during the last quarter. Truist Financial Corp raised its position in Hamilton Lane by 294.7% during the third quarter. Truist Financial Corp now owns 48,467 shares of the company’s stock worth $3,131,000 after acquiring an additional 36,188 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Hamilton Lane by 27.6% in the third quarter. New York State Common Retirement Fund now owns 27,300 shares of the company’s stock valued at $1,763,000 after acquiring an additional 5,900 shares during the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Investors of record on Tuesday, December 15th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, December 14th. Hamilton Lane’s payout ratio is 62.19%.
Hamilton Lane Company Profile
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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