$49.42 Million in Sales Expected for Hamilton Lane Inc. (HLNE) This Quarter

Brokerages predict that Hamilton Lane Inc. (NASDAQ:HLNE) will announce sales of $49.42 million for the current quarter, Zacks reports. Two analysts have provided estimates for Hamilton Lane’s earnings, with the lowest sales estimate coming in at $47.80 million and the highest estimate coming in at $51.04 million. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Hamilton Lane will report full year sales of $49.42 million for the current financial year, with estimates ranging from $192.70 million to $197.46 million. For the next year, analysts forecast that the firm will post sales of $232.99 million per share, with estimates ranging from $222.00 million to $238.71 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Monday, June 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $46.70 million during the quarter, compared to analyst estimates of $46.69 million. The company’s quarterly revenue was up 13.1% compared to the same quarter last year.

HLNE has been the subject of a number of research reports. J P Morgan Chase & Co initiated coverage on shares of Hamilton Lane in a research report on Monday, March 27th. They set an “overweight” rating and a $21.00 target price for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Hamilton Lane in a research report on Monday, March 27th. They issued a “neutral” rating and a $20.00 price objective for the company. Morgan Stanley initiated coverage on shares of Hamilton Lane in a research report on Monday, March 27th. They issued an “overweight” rating and a $21.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Hamilton Lane in a research report on Monday, March 27th. They issued a “market perform” rating for the company. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Hamilton Lane in a research report on Monday, March 27th. They issued a “market perform” rating and a $21.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in Hamilton Lane during the first quarter worth $798,000. Emerald Mutual Fund Advisers Trust purchased a new position in Hamilton Lane during the first quarter worth $4,449,000. Emerald Advisers Inc. PA purchased a new position in Hamilton Lane during the first quarter worth $388,000. Wells Fargo & Company MN purchased a new position in Hamilton Lane during the first quarter worth $131,000. Finally, Kornitzer Capital Management Inc. KS purchased a new position in Hamilton Lane during the first quarter worth $4,064,000. 62.51% of the stock is owned by institutional investors and hedge funds.

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Shares of Hamilton Lane (NASDAQ HLNE) traded down 0.82% on Wednesday, hitting $21.76. 60,961 shares of the company’s stock were exchanged. Hamilton Lane has a 12-month low of $17.32 and a 12-month high of $22.44. The company’s 50-day moving average price is $20.80 and its 200 day moving average price is $19.59. The stock has a market cap of $419.23 million and a price-to-earnings ratio of 725.33.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Monday, June 26th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Thursday, June 22nd.

About Hamilton Lane

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

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