CONSHOHOCKEN, PA — Hamilton Lane Incorporated (Nasdaq: HLNE) recently reported its results for the second fiscal quarter ended September 30, 2023.
SECOND QUARTER FISCAL 2024 HIGHLIGHTS
- Assets under management – Total assets under management of $119.2 billion grew 11% year-over-year. Fee-earning assets under management increased 17% to $61.4 billion over the same period.
- Revenue – Management and advisory fees of $109.2 million for the quarter represent growth of 18% versus the prior year period.
- Carried Interest – Unrealized carried interest balance of approximately $1.2 billion was up 17% versus the prior year period.
- Earnings per share – GAAP EPS of $1.11 on $42.0 million of GAAP net income for the quarter.
- Dividend – Declared a quarterly dividend of $0.445 per share of Class A common stock to record holders at the close of business on December 15, 2023 that will be paid on January 5, 2024. The target full-year dividend of $1.78 represents an 11% increase from the prior fiscal year dividend.
Hamilton Lane issued a full detailed presentation of its second quarter fiscal 2024 results, which can be accessed by clicking here.
Hamilton Lane CEO Mario Giannini commented: “Our results this quarter continue to demonstrate the resiliency of our business and our ability to execute well across the entirety of the platform, despite the continued challenging market we find ourselves in. We remain steadfast in our approach to navigating these volatile times and take comfort in our scale and longevity as leaders in private markets.”
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.