TSX runs higher on rate cut expectations
Hamilton Lane Inc . (NASDAQ:HLNE) reported that Mario L. Giannini, Executive Co-Chairman, notified the company’s board on June 18 that he will not stand for re-election as a director at the company’s 2025 Annual Meeting of Stockholders. According to the company’s statement, Giannini’s decision is not due to any dispute or disagreement with the company, its management, or the board regarding operations, policies, or practices.
Giannini will continue to serve as Executive Co-Chairman of Hamilton Lane following his departure from the board. The announcement was disclosed in a filing with the Securities and Exchange Commission.
The company’s Class A Common Stock is listed on the Nasdaq Stock Market under the symbol HLNE.
This information is based on a press release statement included in a recent SEC filing.
In other recent news, Hamilton Lane Inc. reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.21 compared to a forecast of $1.14. The company’s revenue also exceeded estimates, reaching $197.97 million against the anticipated $165.72 million. Despite this strong performance, analysts at Keefe, Bruyette & Woods revised their earnings per share estimates for fiscal years 2026 and 2027, lowering them to $4.70 and $5.65, respectively, due to expected higher expenses and reduced fees. The firm maintained its Market Perform rating on Hamilton Lane but adjusted its price target from $162 to $155, reflecting anticipated financial challenges. Additionally, Hamilton Lane reported a 14% increase in total management and advisory fees, amounting to $514 million, and a 34% rise in fee-related earnings to $276 million. The company’s total asset footprint grew to $958 billion, marking a 4% year-over-year increase, while assets under management increased by 11% to $138 billion. Hamilton Lane’s annual dividend was also raised by 10% to $2.16 per share, continuing its trend of annual increases since 2017.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.