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Sep 30, 2023
Hamilton Lane Q2 2024 Earnings Report
Hamilton Lane reported second quarter fiscal year 2024 results, highlighted by an 11% year-over-year increase in assets under management and an 18% increase in management and advisory fees.
Key Takeaways
Hamilton Lane reported mixed results for the second quarter of fiscal year 2024. While management and advisory fees grew by 18% year-over-year, total revenues decreased due to lower incentive fees. Assets under management increased by 11% year-over-year, and GAAP EPS was $1.11.
Total assets under management reached $119.2 billion, up 11% year-over-year.
Management and advisory fees were $109.2 million, an 18% increase compared to the prior year period.
GAAP EPS was $1.11, with a GAAP net income of $42.0 million for the quarter.
The company declared a quarterly dividend of $0.445 per share of Class A common stock.
Revenue by Segment
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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