Hamilton Lane(US:HLNE) ZACKSยท2024-08-06 15:00Core Insights - Hamilton Lane (HLNE) reported a revenue of $196.73 million for the quarter ended June 2024, marking a year-over-year increase of 57.3% and an EPS of $1.51 compared to $0.94 a year ago, exceeding the Zacks Consensus Estimate of $149.84 million by 31.29% [1] Financial Performance Metrics - Fee Earning AUM - Customized Separate Accounts (CSA) stood at $38.22 billion, slightly below the average estimate of $38.73 billion from three analysts [3] - Total Fee Earning AUM was reported at $67.71 billion, compared to the average estimate of $68.45 billion from three analysts [3] - Fee Earning AUM - Specialized Funds (SF) reached $29.49 billion, compared to the average estimate of $29.73 billion [4] - Total AUM & AUA was $940.14 billion, below the average estimate of $947.99 billion from two analysts [4] - Assets Under Management (AUM) totaled $129.72 billion, slightly below the average estimate of $130.17 billion from two analysts [5] - Assets Under Advisement (AUA) amounted to $810.41 billion, compared to the average estimate of $817.82 billion from two analysts [6] Revenue Breakdown - Incentive fees revenue was $56.77 million, significantly higher than the average estimate of $21.54 million from three analysts [7] - Management and advisory fees from Customized Separate Accounts were $33.45 million, slightly below the average estimate of $33.60 million, reflecting a year-over-year increase of 5.5% [8] - Total management and advisory fees reached $139.96 million, exceeding the average estimate of $128.30 million, representing a year-over-year increase of 32.8% [8] - Management and advisory fees from Specialized Funds were $89.79 million, surpassing the average estimate of $79.44 million, with a year-over-year increase of 55.6% [9] - Fund reimbursement revenue was $3.31 million, significantly above the average estimate of $1.28 million, showing a year-over-year increase of 13.9% [10] - Distribution management revenue was $0.50 million, below the average estimate of $1.05 million, indicating a year-over-year decrease of 58.9% [11] Stock Performance - Hamilton Lane shares have returned +0.2% over the past month, contrasting with the Zacks S&P 500 composite's -6.7% change, with the stock currently holding a Zacks Rank 3 (Hold) [11]