Hamilton Lane Inc. (HLNE) Issues Quarterly Earnings Results
Hamilton Lane Inc. (NASDAQ:HLNE) posted its quarterly earnings results on Tuesday. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01, Bloomberg Earnings reports. The firm had revenue of $51.20 million during the quarter, compared to analyst estimates of $48.64 million. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis.
Hamilton Lane (NASDAQ HLNE) traded down $0.83 during mid-day trading on Tuesday, hitting $27.33. The stock had a trading volume of 348,600 shares, compared to its average volume of 138,577. Hamilton Lane has a 52 week low of $17.32 and a 52 week high of $28.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.12 and a current ratio of 1.12.
Several equities research analysts have recently weighed in on HLNE shares. Zacks Investment Research upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of Hamilton Lane in a research note on Thursday, September 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $23.00 price objective (down from $24.00) on shares of Hamilton Lane in a research note on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.80.
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About Hamilton Lane
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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