Hamilton Lane Inc (HLNE) shares surged 5.60% in pre-market trading on Tuesday, following the release of its impressive second-quarter fiscal 2026 results and the announcement of a significant partnership with Guardian Life.
The alternative investment management firm reported a stellar performance for Q2, with total revenue reaching $190.9 million, significantly surpassing the FactSet estimate of $169.4 million. Adjusted earnings per share (EPS) came in at $1.54, handily beating analysts' expectations of $1.10. This strong financial showing demonstrates Hamilton Lane's robust growth and operational efficiency in the challenging market environment.
Adding to the positive sentiment, Hamilton Lane declared a quarterly dividend of $0.54 per share of Class A common stock. The company also announced a target full-year dividend of $2.16 per share, representing a 10% increase from the previous fiscal year. This move underscores the firm's confidence in its financial position and commitment to returning value to shareholders.
Further boosting investor enthusiasm, Hamilton Lane unveiled a major partnership with Guardian Life. Under this agreement, Hamilton Lane will manage Guardian's $5 billion private equity portfolio and receive a decade-long annual commitment of $500 million. This substantial deal not only brings new assets under management but also strengthens Hamilton Lane's position in the insurance sector, potentially opening up new growth avenues for the company.
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