Hamilton Lane (HLNE) Earns Daily Coverage Optimism Score of 0.17
News stories about Hamilton Lane (NASDAQ:HLNE) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hamilton Lane earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.7240827848045 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Hamilton Lane (NASDAQ HLNE) traded up 1.02% during trading on Friday, hitting $22.89. 40,548 shares of the company traded hands. Hamilton Lane has a 52 week low of $17.32 and a 52 week high of $24.00. The company has a market capitalization of $440.98 million and a price-to-earnings ratio of 72.67. The company has a 50 day moving average price of $22.33 and a 200 day moving average price of $20.45.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The business had revenue of $52.70 million for the quarter, compared to analyst estimates of $50.69 million. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. On average, analysts expect that Hamilton Lane will post $1.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 3.09%.
A number of equities analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $21.00 price objective on shares of Hamilton Lane in a research report on Friday, April 28th. Zacks Investment Research cut shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $23.00 price target (up previously from $21.00) on shares of Hamilton Lane in a research report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.80.
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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