Wall Street brokerages forecast that Hamilton Lane Inc (NASDAQ:HLNE) will report $72.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Hamilton Lane’s earnings, with the lowest sales estimate coming in at $68.56 million and the highest estimate coming in at $74.50 million. Hamilton Lane posted sales of $55.83 million in the same quarter last year, which suggests a positive year over year growth rate of 29.6%. The company is expected to issue its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Hamilton Lane will report full-year sales of $299.21 million for the current fiscal year, with estimates ranging from $289.75 million to $309.80 million. For the next fiscal year, analysts forecast that the firm will report sales of $346.19 million, with estimates ranging from $330.40 million to $356.73 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The company had revenue of $65.00 million during the quarter, compared to analyst estimates of $71.21 million. Hamilton Lane had a net margin of 14.24% and a return on equity of 62.81%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS.

A number of research firms have recently issued reports on HLNE. CIBC began coverage on Hamilton Lane in a report on Tuesday, June 25th. They issued a “market perform” rating on the stock. Oppenheimer began coverage on Hamilton Lane in a report on Tuesday, June 25th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Keefe, Bruyette & Woods lowered Hamilton Lane from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $49.00 to $53.00 in a report on Thursday, July 11th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Finally, Zacks Investment Research lowered Hamilton Lane from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $51.00.

Shares of NASDAQ:HLNE traded up $0.38 during trading on Monday, reaching $55.37. The company had a trading volume of 1,886 shares, compared to its average volume of 137,921. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.92. The firm’s fifty day moving average price is $58.08. Hamilton Lane has a fifty-two week low of $31.81 and a fifty-two week high of $62.38.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, September 13th. Hamilton Lane’s dividend payout ratio is presently 57.59%.

In related news, major shareholder Michael John Kelly sold 3,792 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $52.79, for a total transaction of $200,179.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 43.91% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Wasatch Advisors Inc. grew its holdings in Hamilton Lane by 7.4% in the second quarter. Wasatch Advisors Inc. now owns 2,067,597 shares of the company’s stock valued at $117,977,000 after purchasing an additional 143,177 shares during the last quarter. Vanguard Group Inc. grew its holdings in Hamilton Lane by 13.0% in the second quarter. Vanguard Group Inc. now owns 1,762,292 shares of the company’s stock valued at $100,556,000 after purchasing an additional 203,204 shares during the last quarter. BlackRock Inc. grew its holdings in Hamilton Lane by 24.6% in the second quarter. BlackRock Inc. now owns 1,505,909 shares of the company’s stock valued at $85,926,000 after purchasing an additional 297,371 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Hamilton Lane by 5.5% in the second quarter. Renaissance Technologies LLC now owns 833,200 shares of the company’s stock valued at $47,542,000 after purchasing an additional 43,300 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Hamilton Lane by 776.6% in the second quarter. Invesco Ltd. now owns 768,147 shares of the company’s stock valued at $43,830,000 after purchasing an additional 680,516 shares during the last quarter. 44.71% of the stock is currently owned by hedge funds and other institutional investors.

About Hamilton Lane

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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Earnings History and Estimates for Hamilton Lane (NASDAQ:HLNE)

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