Analysts Anticipate Hamilton Lane Advisors, L.L.C. (HLNE) Will Post Earnings of $0.34 Per Share

Equities research analysts expect that Hamilton Lane Advisors, L.L.C. (NASDAQ:HLNE) will post earnings per share of $0.34 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hamilton Lane Advisors’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.30. Hamilton Lane Advisors posted earnings of $0.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 36%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hamilton Lane Advisors will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.46. For the next financial year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.68 to $1.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Hamilton Lane Advisors.

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

Several research firms have recently weighed in on HLNE. Zacks Investment Research cut shares of Hamilton Lane Advisors from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. Morgan Stanley reissued an “equal weight” rating and set a $39.00 price objective (up from $38.00) on shares of Hamilton Lane Advisors in a report on Wednesday, March 7th.

A number of hedge funds have recently made changes to their positions in HLNE. Wasatch Advisors Inc. increased its holdings in Hamilton Lane Advisors by 66.0% during the fourth quarter. Wasatch Advisors Inc. now owns 1,677,342 shares of the company’s stock valued at $59,361,000 after buying an additional 667,181 shares during the last quarter. Thrivent Financial For Lutherans purchased a new stake in Hamilton Lane Advisors during the fourth quarter valued at approximately $19,298,000. New York State Common Retirement Fund increased its holdings in Hamilton Lane Advisors by 1,126.5% during the third quarter. New York State Common Retirement Fund now owns 181,522 shares of the company’s stock valued at $4,874,000 after buying an additional 166,722 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Hamilton Lane Advisors by 62.5% during the fourth quarter. Renaissance Technologies LLC now owns 419,400 shares of the company’s stock valued at $14,843,000 after buying an additional 161,300 shares during the last quarter. Finally, State Street Corp purchased a new stake in Hamilton Lane Advisors during the second quarter valued at approximately $3,482,000. 28.45% of the stock is owned by institutional investors and hedge funds.

HLNE opened at $36.98 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.31 and a quick ratio of 1.31. Hamilton Lane Advisors has a twelve month low of $18.00 and a twelve month high of $40.43. The company has a market cap of $1,833.40 and a PE ratio of 40.64.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.89%. Hamilton Lane Advisors’s payout ratio is 76.92%.

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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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