Hamilton Lane tops Q2 profit estimates, misses on revenue

Hamilton Lane (HLNE) said in its press release on Nov. 3 that adjusted earnings per share for the quarter ended Sept. 30 rose to $1.98, topping the $1.69 consensus estimate compiled by Finnhub. Revenue of $204.43 million missed the $225.58 million estimate.

The company is a private markets investment firm with about $1.1 trillion in assets under management and supervision as of Sept. 30, including $150.8 billion in discretionary assets, according to its press release.

Here's how the company did:

• Adjusted EPS: $1.98 vs. $1.54 a year earlier, $1.69 expected
• Revenue: $204.43 million vs. $190.88 million a year earlier, $225.58 million expected

Total revenues rose 7% from a year earlier. Management and advisory fees rose 15% to $164.03 million.

Net income attributable to Hamilton Lane Incorporated was $77.49 million, up 9% from $70.89 million a year earlier. GAAP diluted EPS was $1.87, compared with $1.69 a year earlier.

Fee Related Earnings rose 18% to $90.78 million, the company said.

For the six months ended Sept. 30, total revenues rose 31% to $479.76 million, and incentive fees rose 70% to $154.37 million.

The company declared a quarterly dividend of 60 cents per share of Class A common stock. The dividend is payable Jan. 7, 2027, to holders of record at the close of business on Dec. 21, 2026.

The company said its target full-year dividend is $2.40, an 11% increase from the prior fiscal year dividend.

Assets under management and fee-earning assets under management were $151 billion and $86 billion, respectively, as of Sept. 30. Those figures are up 4% and 12% from a year earlier.

Debt stood at $268.7 million as of Sept. 30, according to the company's balance sheet.