Hamilton Lane (NASDAQ:HLNE) Posts Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data on Tuesday. The company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.33, Zacks reports. The company had revenue of $204.43 million during the quarter, compared to analyst estimates of $215.23 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS.

Hamilton Lane Trading Down 0.6%

HLNE stock traded down $0.53 during mid-day trading on Tuesday, reaching $87.31. 134,655 shares of the stock traded hands, compared to its average volume of 766,797. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.16. Hamilton Lane has a 52-week low of $71.88 and a 52-week high of $155.66. The company has a market cap of $4.85 billion, a P/E ratio of 13.31 and a beta of 1.23. The stock’s fifty day moving average is $90.63 and its 200-day moving average is $97.80.

Wall Street Analysts Forecast Growth

HLNE has been the topic of a number of research reports. Weiss Ratings upgraded shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Oppenheimer decreased their price target on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a research report on Thursday, August 27th. Morgan Stanley set a $118.00 price target on Hamilton Lane in a report on Friday, October 16th. BMO Capital Markets cut their price objective on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, October 27th. Finally, Keefe, Bruyette & Woods raised their price objective on Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.12.

Hamilton Lane Company Profile

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.