Zacks: Brokerages Expect Hamilton Lane Inc (HLNE) Will Post Quarterly Sales of $58.20 Million
Equities analysts forecast that Hamilton Lane Inc (NASDAQ:HLNE) will announce sales of $58.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hamilton Lane’s earnings, with the highest sales estimate coming in at $60.10 million and the lowest estimate coming in at $56.30 million. Hamilton Lane reported sales of $48.71 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.5%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, November 6th.
According to Zacks, analysts expect that Hamilton Lane will report full-year sales of $252.47 million for the current fiscal year, with estimates ranging from $244.66 million to $261.10 million. For the next financial year, analysts expect that the company will post sales of $318.37 million, with estimates ranging from $293.67 million to $337.85 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $63.36 million during the quarter, compared to analyst estimates of $57.15 million. Hamilton Lane had a return on equity of 63.94% and a net margin of 8.14%.
In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 100,000 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $47.26, for a total transaction of $4,726,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Hartley R. Rogers sold 28,087 shares of the company’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. Corporate insiders own 53.71% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HLNE. PNC Financial Services Group Inc. acquired a new position in Hamilton Lane during the first quarter worth $122,000. Meeder Asset Management Inc. acquired a new position in Hamilton Lane during the second quarter worth $127,000. Great West Life Assurance Co. Can acquired a new position in Hamilton Lane during the first quarter worth $137,000. GSA Capital Partners LLP acquired a new position in Hamilton Lane during the second quarter worth $206,000. Finally, Citigroup Inc. lifted its stake in Hamilton Lane by 425.8% during the first quarter. Citigroup Inc. now owns 5,626 shares of the company’s stock worth $210,000 after purchasing an additional 4,556 shares in the last quarter. Institutional investors own 38.35% of the company’s stock.
Hamilton Lane stock traded up $0.18 during mid-day trading on Tuesday, hitting $39.72. The company’s stock had a trading volume of 18,163 shares, compared to its average volume of 247,719. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.62 and a beta of 1.05. Hamilton Lane has a 1 year low of $26.51 and a 1 year high of $54.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.19 and a current ratio of 2.19.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Friday, September 14th were given a $0.2125 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.85 annualized dividend and a yield of 2.14%. Hamilton Lane’s payout ratio is 51.83%.
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.
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