Hamilton Lane Incorporated is expected to earn $0.63 per share in the second quarter of 2023. (NASDAQ: HLNE)
Shares of Hamilton Lane, Inc. may be identified on NASDAQ by the symbol HLNE. In a research report published on Tuesday, October 18, Oppenheimer lowered its earnings per share (EPS) expectation for Hamilton Lane for the second quarter of 2023. The report was distributed worldwide. Oppenheimer analyst C. Kotowski predicted the company would earn $0.63 per share for the quarter. That’s down from the previous estimate, which was $0.73 per share. Hamilton Lane is expected to generate earnings of $3.14 per share for the full fiscal year. Oppenheimer also predicts that Hamilton Lane will earn $0.74 per share in Q3 2023, $0.83 per share in Q4 2023, $3.12 per share in fiscal 2023, $0.85 per share in first quarter 2024, $0.90 per share in the second. quarter of 2024, $0.94 per share in the third quarter of 2024 and $0.95 per share in the fourth quarter of 2024, as well as $3.64 per share in fiscal 2024.
Additionally, HLNE has been discussed in a wide variety of other reports that have been published. Following the release of research on Wednesday, UBS Group lowered both its “neutral” rating for Hamilton Lane, which it had previously assigned, and its price target for the company, which it had set at 75 dollars but which it has now lowered to 68 dollars, respectively. . The target price for Hamilton Lane has been reduced by $2 from $74.00 to $72.00, according to a report released by Wells Fargo & Company on Wednesday, July 13. The company’s shares were also given an “equal weight” rating. which indicates that the value of each share is equivalent. In a research report released Wednesday, Morgan Stanley lowered its “equal weight” rating on Hamilton Lane shares and its price target on those shares, which had previously been set at $72.00. The new target price is $67.00. In a research note released June 29, Goldman Sachs Group lowered its price target on Hamilton Lane shares from $85.00 to $76.00 and assigned the company a “neutral” rating. This was the latest news regarding the company’s financial performance.
On Thursday, the price of a Hamilton Lane share was $59.19 when trading first opened. The simple moving average of the company’s stock price over the past 50 days is $67.97 and the average for the past 200 days is $68.90. 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. Over the previous twelve months, property prices on Hamilton Lane ranged from a low of $55.81 to a high of $116.00. The company’s price/earnings ratio is 14.40 and its beta value is 1.02 at the moment. The company’s total value, measured by its market capitalization, is $3.15 billion.
On August 2, investors had access to the latest earnings report from Hamilton Lane, a NASDAQ-listed company under the symbol HLNE. The company’s earnings per share for the quarter came in at $0.92, $0.12 above the consensus estimate by industry professionals of $0.80. The company’s return on equity was calculated at 52.70% and the company’s net margin was calculated at 42.33%. Revenue for the quarter was well above the $100.20 million forecast by analysts, coming in instead at $135.51 million.
Additionally, the company just announced and paid a quarterly dividend, which was done on Thursday, October 6th. On September 15, a dividend payment of $0.40 was made to shareholders of record upon declaration of the dividend. Calculated annually, this equates to a dividend payment of $1.60 per year and a yield of 2.70%. The ex-dividend date of this dividend was September 14 and this day also marked the start of the payment period. The payment period will last until the next ex-dividend date. Currently, the dividend payout ratio for Hamilton Lane is 38.93%.
Recent stock purchases and sales have involved the participation of various institutional investors, including hedge funds, among other types of investment vehicles. The company made a new investment in Hamilton Lane during the first quarter of the year, resulting in a total expenditure of $61,309,000. The percentage of Hamilton Lane, owned by Wellington Management Group LLP, increased by 13.8% in the first three months of 2018. Due to the purchase of an additional 498,381 shares of the company during the previous quarter, Wellington Management Group LLP now holds 4,119,730 shares. the shares of the company, which have a value of $318,414,000. Wellington Management Group LLP purchased these shares. During the second quarter, TimesSquare Capital Management LLC achieved a 65.8% increase in the proportion of shares of Hamilton Lane it held. Following the purchase of an additional 311,610 shares during the last quarter, TimesSquare Capital Management LLC now owns a total of 785,510 shares of the company, worth $52,771,000. This brings the total number of shares held by the company to 785,510. Clearbridge Investments LLC increased its stake in Hamilton Lane by 24.3% during the second quarter by purchasing additional shares of the company. Following the purchase of an additional 209,377 shares during the last quarter, Clearbridge Investments LLC now owns 1,071,630 shares of the company, valued at $71,992,000. This brings the total number of shares held by the company to 1,071,630. Finally, during the second quarter, Citadel Advisors LLC expanded its investment portfolio by purchasing an additional 53.3% of shares in Hamilton Lane. Following the acquisition of 167,945 shares during the last quarter, Citadel Advisors LLC now owns 483,189 shares of the company. The current market value of these shares is $32,460,000. Institutional investors and hedge funds own 64.80% of the company’s total number of shares.