Earnings Buzz: Hamilton Lane Incorporated (NASDAQ: HLNE)

Hamilton Lane Incorporated (NASDAQ: HLNE) closed with decline of -0.41% to $46.28. Recent traded volume was 114,163 million shares versus to it an average volume of 168,623 million shares. The company holds 23.12M million shares outstanding and market cap of 2.493B billion. The stock’s day range was recorded between a low of $46.04 and a high $47.83. The one year high of the company is $54.59 and the one year low is $21.36.

After the last closing session, the bid price was seen at 26.50 x 900. The bid price represents the higher price that a buyer or buyers are willing to pay for a security. The ask price was registered at 66.06 x 1100. The ask price indicates the lower price that a seller or sellers are willing to receive for the security.

Hamilton Lane Inc. (NASDAQ: HLNE) stated fiscal fourth-quarter net income of $13.5M.

The Bala Cynwyd, Pennsylvania-based company stated it had profit of 68 cents per share. Earnings, adjusted for pretax gains, were 58 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The private-market investment firm posted revenue of $77.6M in the period.

For the year, the company stated profit of $17.3M, or 93 cents per share. Revenue was stated as $244M.

Hamilton Lane shares have increased 38 percent since the starting of the year. The stock has over doubled in the last 12 months.

Hamilton Lane Incorporated’s (HLNE) has price-to-cash ratio of 42.49 and price to sale ratio of 8.94. The company net profit margin is 8.10% and gross profit margin is # ref. A look on the firm performance, its monthly performance is -6.71% and a quarterly performance of 1.09%. The stock price is moving down from its 20 days moving average with -5.78% and isolated negatively from 50 days moving average with -4.51%.

Danielle Lockwood

Danielle Lockwood is an experienced writer, editor and proofreader. She covers all Acquisition & Merger news of different companies. These companies registered on US exchanges i.e. NYSE, NASDAQ, AMEX, NYSEMKT etc. Danielle completed her Post-Graduate Diploma in Business Administration with a specialization in Finance from International School of Business and Media (ISB&M). She is married and lives in sunny West Central Florida with her husband and two children.

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