Hamilton Lane Inc. (HLNE) Expected to Post Quarterly Sales of $49.27 Million
Wall Street analysts forecast that Hamilton Lane Inc. (NASDAQ:HLNE) will post $49.27 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hamilton Lane’s earnings, with estimates ranging from $49.03 million to $49.50 million. The firm is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Hamilton Lane will report full year sales of $49.27 million for the current year, with estimates ranging from $200.33 million to $204.40 million. For the next fiscal year, analysts forecast that the business will report sales of $240.56 million per share, with estimates ranging from $233.50 million to $248.53 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $50.69 million. The firm’s revenue was up 33.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share.
Several research firms have weighed in on HLNE. Zacks Investment Research upgraded shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $21.00 price objective on shares of Hamilton Lane in a research report on Friday, April 28th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $23.00 price objective (down from $24.00) on shares of Hamilton Lane in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.80.
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Shares of Hamilton Lane (NASDAQ:HLNE) opened at 22.48 on Monday. The firm’s 50-day moving average price is $22.32 and its 200 day moving average price is $20.39. The stock has a market capitalization of $433.08 million and a P/E ratio of 68.12. Hamilton Lane has a 1-year low of $17.32 and a 1-year high of $24.00.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, September 14th.
Several large investors have recently modified their holdings of the stock. Henderson Group PLC bought a new stake in shares of Hamilton Lane during the first quarter worth about $117,000. Wells Fargo & Company MN bought a new stake in shares of Hamilton Lane during the first quarter worth about $131,000. Nationwide Fund Advisors raised its stake in shares of Hamilton Lane by 84.5% in the second quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock worth $178,000 after buying an additional 3,710 shares during the period. SG Americas Securities LLC bought a new stake in shares of Hamilton Lane during the first quarter worth about $194,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Hamilton Lane during the first quarter worth about $202,000. 61.37% of the stock is owned by institutional investors.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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