Wall Street brokerages expect Hamilton Lane Inc (NASDAQ:HLNE) to post earnings of $0.28 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Hamilton Lane’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.27. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Hamilton Lane will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.25. For the next financial year, analysts forecast that the company will post earnings of $1.46 per share, with EPS estimates ranging from $1.31 to $1.68. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $51.20 million for the quarter, compared to analyst estimates of $48.64 million. Hamilton Lane’s revenue for the quarter was up 5.1% on a year-over-year basis.

A number of research analysts have recently commented on HLNE shares. Morgan Stanley lowered Hamilton Lane from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $25.00 to $28.00 in a report on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of Hamilton Lane in a report on Thursday, September 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.00.

Shares of Hamilton Lane (HLNE) traded down $0.08 during midday trading on Friday, hitting $36.89. The stock had a trading volume of 84,317 shares, compared to its average volume of 97,650. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.82. Hamilton Lane has a fifty-two week low of $17.32 and a fifty-two week high of $38.33.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 14th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. grew its holdings in Hamilton Lane by 66.0% in the 4th quarter. Wasatch Advisors Inc. now owns 1,677,342 shares of the company’s stock valued at $59,361,000 after buying an additional 667,181 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in Hamilton Lane in the 4th quarter valued at approximately $1,610,000. Burgundy Asset Management Ltd. acquired a new stake in Hamilton Lane in the 3rd quarter valued at approximately $229,000. Public Employees Retirement System of Ohio acquired a new stake in Hamilton Lane in the 3rd quarter valued at approximately $1,749,000. Finally, Grandeur Peak Global Advisors LLC grew its holdings in Hamilton Lane by 68.8% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 246,068 shares of the company’s stock valued at $6,607,000 after buying an additional 100,300 shares during the last quarter. 27.93% of the stock is currently owned by hedge funds and other institutional investors.

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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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