NASDAQ$HLNE

Hamilton Lane Incorporated · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Hamilton Lane reported strong fourth quarter and fiscal year 2023 results, driven by growth in management and advisory fees and assets under management.

Hamilton Lane reported strong growth across its business in Q4 2023. Assets under management reached approximately $112 billion, and management and advisory fees increased. The company declared a quarterly dividend of $0.445 per share of Class A common stock.

  • Assets under management reached approximately $112 billion as of March 31, 2023, a 5% increase year-over-year.
  • Fee-earning assets under management were approximately $57 billion as of March 31, 2023, a 17% increase year-over-year.
  • Management and advisory fees increased 18% compared to fiscal year 2022.
  • A quarterly dividend of $0.445 per share of Class A common stock was declared.

Headline financials

Total Revenue

$113M

Previous: $101M+11.8%
EPS (adj)

$0.96

Previous: $0.89+7.9%
Assets Under Management

111.9B

No prior period
Net Income

$31.1M

Previous: $37.6M-17.2%
Operating Income

$68.1M

Previous: $66.5M+2.5%

Revenue & EPS history

Hamilton Lane · Revenue · Quarterly

$113M

Q4 2023+11.8%vs Q4 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Hamilton Lane · $113M total across 2 segments · Q4 2023

  • Management and Advisory Fees
    $95.7M+13.1%
  • Incentive Fees
    $17.1M+22.9%

Forward guidance

The company did not provide forward guidance in the earnings report.

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 Q4 2023

Historical avgQ4 2023

+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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