Hamilton Lane (NASDAQ: HLNE ) has announced its fiscal year 2024 results, showcasing significant growth in management and advisory fee revenue, which increased by 22% compared to the previous year. The company reported a GAAP EPS of $3.69 and a non-GAAP EPS of $3.
92, reflecting a strong financial performance. Hamilton Lane also declared a 10% increase in its annual fiscal dividend to $1.96 per share and reported a 7% increase in its total asset footprint to $921 billion.
The earnings call highlighted the company's strategic investments in technology and partnerships, as well as the launch of a specialized venture capital fund, amid a more rational market environment. Key Takeaways Hamilton Lane's management and advisory fee revenue grew by 22% year-over-year. GAAP EPS stood at $3.
69, while non-GAAP EPS was $3.92. The annual fiscal dividend increased by 10% to $1.
96 per share. Total asset footprint expanded to $921 billion, with fee-earning AUM growing by 15% to $65.7 billion.
Strategic investments include a distributed ledger technology share class and a balance sheet investment in Securitize. Hamilton Lane to host HLNE Shareholder Day on June 5th to discuss growth drivers. Company Outlook Hamilton Lane aims for strong double-digit growth while managing expenses.
Focus remains on delivering an excellent investor experience. Bearish Highlights Incentive fees generated were down compared to the prior year due to the catch-up period. Bullish Highlights The company's SMA business.