NASDAQ$HLNE

Hamilton Lane Incorporated · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Hamilton Lane reported its Q3 fiscal year 2020 results, showing growth in assets under management and management and advisory fees.

Hamilton Lane Incorporated reported strong third-quarter fiscal 2020 results. Assets under management grew by 13% year-over-year, and management and advisory fees increased by 8% for the quarter. GAAP EPS was $0.46, and the company declared a quarterly dividend of $0.275 per share.

  • Total assets under management grew 13% year-over-year to approximately $66 billion.
  • Fee-earning assets under management increased 14% year-over-year to approximately $37 billion.
  • Management and advisory fees for the quarter were approximately $60 million, representing an 8% increase.
  • GAAP EPS was $0.46, with a GAAP net income of approximately $13 million for the quarter.

Headline financials

Total Revenue

$68.1M

Previous: $66M+3.2%
EPS (adj)

$0.47

Previous: $0.62-24.2%
Unrealized Carried Interest

$409B

No prior period
Fee-Earning AUM

37.0B

No prior period
Assets Under Management

66.0B

No prior period
Capital Expenditures

-$1.21M

Previous: -$4.76M+74.6%
Free Cash Flow

$12.3M

Previous: $700K+1655.7%
Net Income

$13.5M

Previous: $5.46M+147.3%
Operating Income

-$39.2M

Previous: -$37.8M-3.9%
Cash & Equivalents

$81.6M

Previous: $78.9M+3.4%
Total Assets

$469M

Previous: $364M+29.0%

Revenue & EPS history

Hamilton Lane · Revenue · Quarterly

$68.1M

Q3 2020+3.2%vs Q3 2019
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Hamilton Lane · $68.1M total across 2 segments · Q3 2020

  • Management and Advisory Fees
    $59.8M
  • Incentive Fees
    $8.3M

Forward guidance

Hamilton Lane expects a $4-5M run rate increase to G&A expense from new headquarters lease starting in 2H FY21.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+1.3%

Avg return

30 days after

62%

23 / 37 earnings

Positive

+12.4%

Q2 2018

Best reaction

-11.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+4.0%+6.0%-3.4%
Q3 2026+0.3%-6.8%-22.2%
Q2 2026+6.5%+14.0%+7.3%
Q1 2026+3.8%+2.4%-2.6%
Q4 2025-11.0%-14.8%-17.9%
Q3 2025+2.2%+5.8%-6.6%
Q2 2025+5.1%+11.9%+0.7%
Q1 2025+4.3%+8.6%+17.5%
Q4 2024+6.5%+9.1%-1.4%
Q3 2024-4.1%-2.7%-8.6%
Q2 2024+1.1%+1.1%+13.7%
Q1 2024+2.4%+3.5%+4.9%
Q4 2023-0.7%+0.7%+13.5%
Q3 2023-0.6%-1.8%-6.8%
Q2 2023+6.8%+9.1%+21.8%
Q1 2023-2.5%-2.9%-9.5%
Q4 2022+5.1%+4.0%+5.7%
Q3 2022-1.1%-5.8%-13.2%
Q2 2022+4.6%+5.2%+0.3%
Q1 2022-7.9%-0.8%-6.5%
Q4 2021-3.7%-5.0%-3.6%
Q3 2021+0.2%+6.6%+8.2%
Q2 2021-2.5%-2.6%-2.7%
Q1 2021-0.2%-0.0%-6.1%
Q4 2020+1.1%+1.5%-12.2%
Q3 2020+2.4%+5.7%-4.5%
Q2 2020-8.9%-8.4%-4.7%
Q1 2020-3.0%-1.0%+12.3%
Q4 2019-1.6%+1.6%+15.8%
Q3 2019+12.0%+14.5%+21.8%
Q2 2019+8.1%+5.1%+0.1%
Q1 2019-2.9%-3.8%+0.6%
Q4 2018+0.4%-2.9%+1.2%
Q3 2018+3.3%-2.6%-0.2%
Q2 2018+12.4%+13.3%+24.3%
Q1 2018+1.8%+1.6%+3.2%
Q4 2017+0.9%+2.6%+6.7%
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2015
Q2 2015
Q1 2015

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