Hamilton Lane Incorporated to Post Q3 2021 Earnings of $0.52 Per Share, Oppenheimer Forecasts (NASDAQ:HLNE)
Hamilton Lane Incorporated (NASDAQ:HLNE) – Equities researchers at Oppenheimer cut their Q3 2021 earnings per share (EPS) estimates for shares of Hamilton Lane in a research note issued to investors on Tuesday, January 12th. Oppenheimer analyst C. Kotowski now forecasts that the company will post earnings of $0.52 per share for the quarter, down from their previous forecast of $0.53. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Hamilton Lane’s Q3 2022 earnings at $0.60 EPS and Q4 2022 earnings at $0.63 EPS.
A number of other analysts also recently issued reports on HLNE. Zacks Investment Research downgraded Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Friday, November 13th. UBS Group initiated coverage on shares of Hamilton Lane in a research note on Wednesday, December 16th. They set a “buy” rating and a $83.00 price target for the company. BidaskClub downgraded shares of Hamilton Lane from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 30th. Morgan Stanley raised their price objective on shares of Hamilton Lane from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Finally, Wells Fargo & Company upped their target price on Hamilton Lane from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $78.80.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.18. The company had revenue of $84.40 million for the quarter, compared to analysts’ expectations of $71.02 million. Hamilton Lane had a return on equity of 44.51% and a net margin of 19.78%. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 7th. Shareholders of record on Tuesday, December 15th were given a $0.3125 dividend. The ex-dividend date was Monday, December 14th. This represents a $1.25 annualized dividend and a yield of 1.54%. Hamilton Lane’s dividend payout ratio (DPR) is 62.19%.
Institutional investors have recently bought and sold shares of the company. Pinnacle Financial Partners Inc. bought a new position in Hamilton Lane during the fourth quarter valued at approximately $207,000. Strs Ohio grew its holdings in Hamilton Lane by 19.4% during the 3rd quarter. Strs Ohio now owns 15,400 shares of the company’s stock valued at $994,000 after buying an additional 2,500 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Hamilton Lane by 8.1% in the third quarter. Sei Investments Co. now owns 75,825 shares of the company’s stock worth $4,895,000 after buying an additional 5,687 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Hamilton Lane by 411.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 25,745 shares of the company’s stock valued at $1,663,000 after acquiring an additional 20,716 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Hamilton Lane in the 3rd quarter worth $1,404,000. 49.72% of the stock is owned by hedge funds and other institutional investors.
Hamilton Lane Company Profile
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.
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