Global survey of more than 230 investment advisors highlights diversification and performance as key drivers of private wealth interest in the asset class Ninety-two percent of respondents currently allocate client capital to private markets, with more than two-thirds planning to increase allocation Opportunity to continue educating private wealth investors, as advisors cite a knowledge gap between them and their clients CONSHOHOCKEN, Pa., June 6, 2024 /PRNewswire/ -- More than 90% of survey respondents cur ...

Hamilton Lane Incorporated (HLNE) announced a sequential increase in its quarterly dividend payment. The company declared a quarterly cash dividend per share of 49 cents, reflecting a 9% increase from its previous payout. The dividend will be paid out on Jul 5 to shareholders of record as of Jun 14. The bank increased its dividend six times during the last five years. Prior to the recent hike, HLNE raised its dividend by 12.5% to 45 cents per share in May 2023. Considering the company's closing price of $12 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ Commission file number 001-38021 HAMILTON LANE INCORPORATED (Exact name of Registrant as specified in its charter) Delawar ...

Financial Data and Key Metrics - Total fee-earning AUM stood at $65.7 billion, growing $8.4 billion or 15% YoY [4] - Management and advisory fee revenue grew by 22% YoY, with fee-related earnings (FRE) also up 22% [53] - GAAP EPS for fiscal 2024 was $3.69, while non-GAAP EPS was $3.92 [53] - Unrealized carry balance increased by 19% YoY to over $1.2 billion [27] - Total AUM grew by 11% YoY to $124 billion, with AUA up 7% YoY to $51 billion [73] Business Line Performance - Customized separate accounts fee-earning AUM grew 8% YoY to $37.6 billion [22] - Specialized funds fee-earning AUM grew 24% YoY to $28.2 billion, driven by $5.5 billion in net inflows [55] - Evergreen platform AUM reached nearly $6.5 billion, with average monthly net inflows of $255 million in Q1 2024 [76] - Revenue from customized separate accounts increased by $11.1 million or 9% YoY [9] - Specialized funds revenue increased by $64.7 million or 33% YoY [47] Market and Geographic Performance - Wirehouse channel flows reached close to $900 million by the end of Q1 2024 [7] - Non-wirehouse flows also scaled nicely, complementing the wirehouse success [7] - The secondary fund raised over $5 billion, marking the largest institutional fundraise in the company's history [75] - Credit platform invested over $1.3 billion in credit transactions in 2023, a 45% increase YoY [24] Strategic Direction and Industry Competition - The company continues to expand its customized separate accounts and specialized funds, focusing on higher fee-rate products [54] - The Evergreen platform is a key growth driver, with steady monthly inflows and new distribution relationships [76] - The company is investing in technology partnerships, including tokenization and digital assets, to enhance accessibility and efficiency in private markets [57][25] - The venture capital market is becoming more rational, presenting a better entry point for the company's new specialized fund [89] Management Commentary on Operating Environment and Future Outlook - Management emphasized the importance of maintaining strong double-digit growth and leveraging scale for future margin improvements [32] - The company is focused on expanding its sales resources and deepening client relationships to drive growth [12] - Management remains optimistic about the wirehouse channel and expects continued strong fundraising [33] - The company is committed to investing in technology and innovation to stay ahead in the private markets [25][57] Other Important Information - The company announced a 10% increase in its annual dividend to $1.96 per share, marking the seventh consecutive year of double-digit dividend growth [53] - The company participated in strategic investments, including Securitize and Nevada, to support innovation in the private markets [25][77] - The company highlighted its long-term relationships with clients, with some separate account relationships exceeding 20 years [74] Q&A Session Summary Question: Retail Channel Growth and Product Launches - The company is seeing strong momentum in the retail channel, with plans to expand existing funds and launch new products in the future [62][63] Question: Expense Growth and Margin Expectations - Management expects expense growth to continue, driven by headcount growth and distribution costs, but remains focused on maintaining strong margins [64][65] Question: Fundraising Pipeline and Market Opportunities - The company has a robust pipeline for specialized funds, with high single-digit growth in SMA business and strong interest from clients across various strategies [34][86] Question: Distribution Fees and Revenue Share Arrangements - The majority of distribution fees are upfront, with ongoing revenue share arrangements being less common [88] Question: Venture Capital Fund Launch and Market Sentiment - The company launched a new venture capital fund, citing a more rational market environment and strong client demand as key factors [89]

Shares of Hamilton Lane have returned +5.2% over the past month versus the Zacks S&P 500 composite's +6.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Fee Earning AUM - Customized Separate Accounts (CSA): $37.57 billion versus the three-analyst average estimate of $38.27 billion. Fee Earning AUM - Total: $65.75 billion versus the three-analyst average estimate of $65.69 billion. Fee Earning AUM - Specialized Funds (SF): $ ...

Hamilton Lane (HLNE) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 38%. A quarter ago, it was expected that this private- market investment firm would post earnings of $0.88 per share when it actually produced earnings of $0.71, delivering a surprise of -19.32%. Over the last four qua ...

HAMILTON LANE INCORPORATED REPORTS STRONG FOURTH FISCAL QUARTER AND FISCAL YEAR 2024 RESULTS, WITH MANAGEMENT AND ADVISORY FEES GROWING BY 22% AND ASSETS UNDER MANAGEMENT GROWING BY 11% YEAR-OVER-YEAR CONSHOHOCKEN, PENN. – May 23, 2024 – Leading private markets asset management firm Hamilton Lane Incorporated (Nasdaq: HLNE) today reported its results for the fourth fiscal quarter and full fiscal year ended March 31, 2024. FISCAL YEAR 2024 HIGHLIGHTS Hamilton Lane issued a full detailed presentation of its f ...

Analysts forecast 'Revenues- Management and advisory fees- Customized separate accounts' to reach $33.78 million. The estimate indicates a change of +11% from the prior-year quarter. Wall Street analysts forecast that Hamilton Lane (HLNE) will report quarterly earnings of $1 per share in its upcoming release, pointing to a year-over-year increase of 4.2%. It is anticipated that revenues will amount to $134.72 million, exhibiting an increase of 19.5% compared to the year-ago quarter. Over the past 30 days, t ...

Core Viewpoint - Hamilton Lane (HLNE) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for May 23, 2024, with expectations of quarterly earnings at $1 per share, reflecting a +4.2% change year-over-year. Revenues are projected to be $134.72 million, up 19.4% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 0.33% lower in the last 30 days, indicating a reassessment by analysts [4]. The Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1% [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. However, Hamilton Lane currently holds a Zacks Rank of 4, complicating the prediction of an earnings beat [10][11]. Historical Performance - In the last reported quarter, Hamilton Lane was expected to post earnings of $0.88 per share but delivered $0.71, resulting in a surprise of -19.32%. Over the last four quarters, the company has beaten consensus EPS estimates twice [12][13]. Conclusion - While Hamilton Lane does not appear to be a compelling earnings-beat candidate, it is essential for investors to consider other factors when making decisions regarding the stock ahead of its earnings release [16].

LONDON and SYDNEY and TORONTO, May 14, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced that its Global Private Assets Fund ("GPA" or the "Fund") has reached approximately $4B in AUM and has built a five-year track record of performance, one of a small group of private markets evergreen products globally to have reached this milestone. With an annualized net performance of 14.00% since inception as of 31 March, 2024, GPA has delivered stron ...