Hamilton Lane (NASDAQ:HLNE) Issues Quarterly Earnings Results

Hamilton Lane (NASDAQ:HLNE) posted its quarterly earnings data on Tuesday. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12, Zacks reports. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%.

Hamilton Lane Stock Down 0.7 %

HLNE stock opened at $158.00 on Tuesday. Hamilton Lane has a 1 year low of $103.42 and a 1 year high of $203.72. The company has a fifty day simple moving average of $161.25 and a 200 day simple moving average of $162.60. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The firm has a market cap of $8.76 billion, a PE ratio of 34.27 and a beta of 1.25.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s payout ratio is presently 42.52%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. UBS Group upped their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their price target on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.86.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.