Hamilton Lane Advisors, L.L.C. (HLNE) Expected to Post Quarterly Sales of $51.80 Million

Brokerages expect Hamilton Lane Advisors, L.L.C. (NASDAQ:HLNE) to report sales of $51.80 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Hamilton Lane Advisors’ earnings. The highest sales estimate is $53.00 million and the lowest is $50.59 million. Hamilton Lane Advisors reported sales of $46.68 million in the same quarter last year, which would suggest a positive year over year growth rate of 11%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Hamilton Lane Advisors will report full-year sales of $51.80 million for the current fiscal year, with estimates ranging from $217.01 million to $229.99 million. For the next year, analysts anticipate that the company will report sales of $268.95 million per share, with estimates ranging from $254.30 million to $284.23 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hamilton Lane Advisors.

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Hamilton Lane Advisors (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.17. The company had revenue of $65.01 million for the quarter, compared to analyst estimates of $51.39 million. Hamilton Lane Advisors had a net margin of 2.09% and a return on equity of 70.74%. Hamilton Lane Advisors’s revenue for the quarter was up 53.6% compared to the same quarter last year.

Several brokerages recently issued reports on HLNE. Morgan Stanley reaffirmed an “equal weight” rating and set a $39.00 price target (up from $38.00) on shares of Hamilton Lane Advisors in a report on Wednesday, March 7th. Zacks Investment Research lowered shares of Hamilton Lane Advisors from a “buy” rating to a “hold” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $26.00.

Institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new stake in shares of Hamilton Lane Advisors during the 3rd quarter valued at approximately $160,000. MetLife Investment Advisors LLC bought a new stake in shares of Hamilton Lane Advisors during the 4th quarter valued at approximately $215,000. JPMorgan Chase & Co. grew its holdings in shares of Hamilton Lane Advisors by 44.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $163,000 after purchasing an additional 1,900 shares during the last quarter. Jane Street Group LLC bought a new stake in Hamilton Lane Advisors during the 4th quarter worth approximately $225,000. Finally, Citadel Advisors LLC bought a new stake in Hamilton Lane Advisors during the 4th quarter worth approximately $255,000. 28.45% of the stock is currently owned by institutional investors.

Shares of HLNE stock opened at $36.78 on Friday. The stock has a market cap of $1,794.06 and a P/E ratio of 28.20. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.78. Hamilton Lane Advisors has a 1-year low of $17.32 and a 1-year high of $40.43.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, March 14th. Hamilton Lane Advisors’s dividend payout ratio (DPR) is presently 291.67%.

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Hamilton Lane Advisors 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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