Analyst cuts Hamilton Lane Incorporated’s second quarter 2024 EPS estimates (NASDAQ:HLNE)

Hamilton Lane, Inc. is publicly represented by the ticker symbol HLNE. Oppenheimer equity analysts lowered their earnings-per-share forecast that Hamilton Lane will generate in the second quarter of 2024 in a research report distributed to clients and investors on November 2. Analyst C. Kotowski now expects the company to earn $0.88 per share. share in the fourth quarter, down from its previous forecast of $0.90 per share for the company’s earnings. This information comes from Oppenheimer. The most recent consensus estimate calls for Hamilton Lane’s full-year earnings to hit $3.03 per share when the company reports full-year results. According to forecasts provided by Oppenheimer, earnings to be distributed to Hamilton Lane shareholders in fiscal 2024 are expected to be $3.62.
On August 2, Hamilton Lane earnings were released under the NASDAQ ticker symbol: HLNE. The company reported third-quarter earnings of $0.92 per share, $0.12 higher than the consensus forecast of $0.80 per share made by industry experts. Additionally, revenue for the quarter was $135.51 million, which was significantly higher than analysts’ forecast, which had forecast revenue of $100.20 million for the period. Hamilton Lane’s return on equity was 52.70%, while the company’s net margin was 42.33%.
HLNE shares started the trading day Thursday for $63.91 each. Over the past year, the price of Hamilton Lane has varied from a low of $55.81 to a high of $116.00. The average price at which it was sold during this time is $116.00. The company’s rolling average price over the past fifty days is currently $64.69, and its moving average price over the past 200 days is currently $67.92. The company has a market capitalization of $3.40 billion, a price-earnings ratio of 17.41 and a beta value of 0.98. All of these measures are impressive. The debt ratio is calculated at 0.45, the current ratio is calculated at 1.86 and the quick ratio is also calculated at 1.86.
HLNE has been extensively analyzed in various reports compiled by various stock analysts. Morgan Stanley lowered its price target on Hamilton Lane shares from $72.00 to $67.00 in a report released Wednesday, October 19. Additionally, the brokerage firm rated the stock as having an “equal weight,” neutrality rating. UBS Group reduced its price target on Hamilton Lane shares from $75.00 to $68.00 in a research report released Wednesday, October 19. The report was made public by the company. In addition, the company was given a “neutral” rating by the company that evaluated it. Finally, Wells Fargo & Company lowered its price target on Hamilton Lane shares from $74.00 to $72.00 in a research note released Wednesday, July 13. The new price target can be found here. On top of that, they gave the company an “equal weight” rating.
Several institutional investors and hedge funds have changed the way they currently invest in HLNE stocks over the past few months. The amount of money invested by Quadrant Capital Group LLC in Hamilton Lane increased 360.7% during the second quarter of the year. Following the purchase of an additional 422 shares in the prior quarter, Quadrant Capital Group LLC now has a total of 539 company shares in its possession. The current market price of a share of this particular company’s stock is $36,000. During the second quarter, FMR LLC successfully increased the proportion of Hamilton Lane shares held by 44.6%. After making 185 additional stock purchases during the period, FMR LLC now owns 600 shares of the company, with a total value of $40,000. PNC Financial Services Group Inc. increased the amount of Hamilton Lane held by 321.4% in the first three months of 2018. PNC Financial Services Group Inc. now has 611 shares, thanks to the acquisition of 466 additional shares during of the previous quarter. Each share of the company is currently valued at $48,000. The company had previously purchased 466 additional shares, which also led to the acquisition of these additional shares. Additionally, Castle Wealth Management LLC invested approximately $58,000 to purchase additional shares in Hamilton Lane during the second quarter of the year.
In conclusion, First Horizon Advisors Inc. increased the percentage of Hamilton Lane it had invested in by 1,973.4% during the second quarter of the year. First Horizon Advisors Inc. now owns a total of 1,327 shares of the company, valued at $88,000 thanks to the acquisition of 1,263 additional shares during the previous quarter. The shares of the company are currently held by various types of institutional investors, including hedge funds, at 64.80%.
Additionally, the company has just announced a quarterly dividend, which is expected to be paid on January 6 this year. On the record date of Thursday, December 15, shareholders who are shown to own shares of the company will be eligible to receive a dividend payment of $0.40 per share. The dividend payment will be withdrawn from customer accounts on December 14, a Wednesday. This translates to a dividend payment of $1.60 per year and a dividend yield of 2.50% for the investment. It has been determined that Hamilton Lane will have a payout ratio of 43.60%.

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