Hamilton Lane Inc (HLNE) shares are soaring 5.60% in pre-market trading on Tuesday, following the release of its impressive second-quarter fiscal 2026 results and the announcement of a major partnership with Guardian Life. The alternative investment management firm has demonstrated robust financial performance and strategic growth initiatives, capturing investors' attention.
The company reported a stellar second quarter, 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 the expected $1.10. This strong financial performance underscores Hamilton Lane's ability to navigate the complex alternative investment landscape effectively.
Adding to the positive momentum, Hamilton Lane announced a quarterly dividend of $0.54 per share of Class A common stock. The company's target full-year dividend of $2.16 represents a 10% increase from the previous fiscal year, signaling confidence in its financial stability and commitment to shareholder returns. Furthermore, the firm revealed a far-reaching partnership with Guardian Life, which will put Hamilton Lane in charge of Guardian's $5 billion private equity portfolio, including a decade-long annual $500 million commitment. This strategic alliance not only brings new assets under management but also opens up collaborative initiatives and expands Hamilton Lane's footprint in the insurance sector.
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