Hamilton Lane Incorporated (HLNE) Tops Q2 EPS by 6c, Revenues Miss

Hamilton Lane Incorporated (NASDAQ: HLNE) reported Q2 EPS of $0.66, $0.06 better than the analyst estimate of $0.60. Revenue for the quarter came in at $66 million versus the consensus estimate of $71.02 million.

SECOND QUARTER FISCAL 2021 HIGHLIGHTS

• Assets under management – Total assets under management of approximately $73 billion grew nearly 11% year-over-year. Fee-earning assets under management increased nearly 9% to approximately $39 billion over the same period.
• Revenue – Management and advisory fees of approximately $66 million for the quarter represents growth of 12% versus the prior year period.
• Carried Interest – Unrealized carried interest balance of approximately $410 million was up 7% year-over-year.
• Earnings per share – GAAP EPS of $0.66 on approximately $21.8 million of GAAP net income for the quarter.
• Dividend – Declared a quarterly dividend of $0.3125 per share of Class A common stock to record holders at the close of business on December 15, 2020 that will be paid on January 7, 2021. The target full-year dividend of $1.25 represents a 13.6% increase from the prior fiscal year dividend.

Hamilton Lane issued a full detailed presentation of its second quarter fiscal 2021 results, which can be accessed by clicking here.

Hamilton Lane CEO Mario Giannini commented: “Across the private markets, we’ve seen valuations, fundraising and deal activity rebound, in some cases to levels higher than what we saw pre-pandemic — a trend that contributed to another strong quarter for us. Our AUM grew nearly 11% to $73 billion, continuing our long-term growth trend.”

For earnings history and earnings-related data on Hamilton Lane Incorporated (HLNE) click here.

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