$57.15 Million in Sales Expected for Hamilton Lane Inc (HLNE) This Quarter

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Wall Street brokerages expect Hamilton Lane Inc (NASDAQ:HLNE) to post $57.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hamilton Lane’s earnings. The highest sales estimate is $57.39 million and the lowest is $56.90 million. Hamilton Lane posted sales of $52.70 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.4%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, August 7th.

On average, analysts expect that Hamilton Lane will report full-year sales of $253.34 million for the current year, with estimates ranging from $238.56 million to $261.56 million. For the next year, analysts expect that the business will report sales of $324.37 million per share, with estimates ranging from $302.36 million to $338.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Thursday, June 7th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.17. The business had revenue of $77.61 million for the quarter, compared to the consensus estimate of $60.99 million. Hamilton Lane had a net margin of 7.11% and a return on equity of 78.74%. The company’s revenue was up 66.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share.

Several research firms have commented on HLNE. Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Thursday, May 3rd. ValuEngine raised shares of Hamilton Lane from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Morgan Stanley upped their price objective on shares of Hamilton Lane from $39.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hamilton Lane from $41.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, June 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.75.

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of Hamilton Lane in the first quarter worth about $122,000. Meeder Asset Management Inc. purchased a new stake in shares of Hamilton Lane in the second quarter worth about $127,000. Great West Life Assurance Co. Can purchased a new stake in shares of Hamilton Lane in the first quarter worth about $137,000. Citigroup Inc. lifted its holdings in shares of Hamilton Lane by 425.8% in the first quarter. Citigroup Inc. now owns 5,626 shares of the company’s stock worth $210,000 after buying an additional 4,556 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of Hamilton Lane in the fourth quarter worth about $215,000. 35.16% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane traded down $0.87, hitting $49.10, during trading on Monday, according to Marketbeat Ratings. 110,855 shares of the company’s stock traded hands, compared to its average volume of 171,027. The company has a market cap of $2.44 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. Hamilton Lane has a 12-month low of $21.36 and a 12-month high of $54.59. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.62.

The company also recently declared a quarterly dividend, which was paid on Friday, July 6th. Stockholders of record on Monday, June 18th were issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, June 15th. Hamilton Lane’s dividend payout ratio is presently 51.83%.

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.

Further Reading: Leveraged Buyout (LBO) Explained

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