Hamilton Lane (HLNE) Scheduled to Post Earnings on Tuesday

Hamilton Lane (NASDAQ:HLNE) will be posting its quarterly earnings results before the market opens on Tuesday, November 6th. Analysts expect Hamilton Lane to post earnings of $0.43 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 7th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $63.36 million for the quarter, compared to the consensus estimate of $57.15 million. Hamilton Lane had a return on equity of 63.94% and a net margin of 8.14%. On average, analysts expect Hamilton Lane to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ HLNE opened at $35.41 on Monday. The firm has a market cap of $1.73 billion, a PE ratio of 21.59, a PEG ratio of 1.43 and a beta of 1.60. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.58. Hamilton Lane has a 1-year low of $26.60 and a 1-year high of $54.59.

In related news, major shareholder Oakville Number 2 Trust sold 100,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $47.26, for a total value of $4,726,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Hartley R. Rogers sold 28,087 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $47.26, for a total value of $1,327,391.62. The disclosure for this sale can be found here. 53.71% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on HLNE shares. Zacks Investment Research cut Hamilton Lane from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine cut Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Morgan Stanley lowered their price target on Hamilton Lane from $49.00 to $48.00 and set a “hold” rating on the stock in a report on Tuesday, October 9th. Finally, JPMorgan Chase & Co. cut Hamilton Lane from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $38.00 in a report on Thursday.

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.

See Also: What are Institutional Investors?

Earnings History for Hamilton Lane (NASDAQ:HLNE)

Receive News & Ratings for Hamilton Lane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Lane and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply