Hamilton Lane (HLNE) Releases Earnings Results, Hits Expectations
Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38, Bloomberg Earnings reports. Hamilton Lane had a return on equity of 78.74% and a net margin of 7.11%. The firm had revenue of $63.36 million for the quarter, compared to the consensus estimate of $57.15 million.
HLNE traded down $0.04 during trading on Wednesday, reaching $44.97. 506 shares of the stock were exchanged, compared to its average volume of 129,009. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.95 and a beta of 1.12. Hamilton Lane has a 1 year low of $21.36 and a 1 year high of $54.59.
HLNE has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Hamilton Lane from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, June 11th. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, June 11th. ValuEngine upgraded Hamilton Lane from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Zacks Investment Research upgraded Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $42.75.
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.
See Also: Price to Earnings Ratio (PE)
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