Hamilton Lane (NASDAQ:HLNE) Announces Earnings Results, Beats Expectations By $0.33 EPS

Hamilton Lane (NASDAQ:HLNE) issued its quarterly earnings data on Tuesday. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.33, Zacks reports. The company had revenue of $204.43 million for the quarter, compared to analyst estimates of $215.23 million. Hamilton Lane had a return on equity of 25.10% and a net margin of 32.14%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share.

Hamilton Lane Stock Down 0.2%

Shares of NASDAQ HLNE traded down $0.19 during midday trading on Tuesday, reaching $87.65. 125,214 shares of the company’s stock were exchanged, compared to its average volume of 766,634. The business’s fifty day moving average price is $90.63 and its two-hundred day moving average price is $97.80. Hamilton Lane has a 52-week low of $71.88 and a 52-week high of $155.66. The stock has a market capitalization of $4.87 billion, a PE ratio of 13.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group cut their target price on shares of Hamilton Lane from $131.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Oppenheimer dropped their price objective on Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. BMO Capital Markets decreased their price target on Hamilton Lane from $116.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 27th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company assumed coverage on Hamilton Lane in a research note on Friday, October 2nd. They set an “overweight” rating and a $103.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.12.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.