Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Average Rating of “Hold” from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $180.33.

Several research firms have issued reports on HLNE. The Goldman Sachs Group increased their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley boosted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its position in Hamilton Lane by 13.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock valued at $5,679,000 after buying an additional 5,412 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hamilton Lane by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock worth $44,519,000 after purchasing an additional 51,452 shares during the period. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane in the 3rd quarter valued at approximately $819,000. SG Americas Securities LLC raised its position in Hamilton Lane by 427.0% in the second quarter. SG Americas Securities LLC now owns 25,126 shares of the company’s stock valued at $3,105,000 after purchasing an additional 20,358 shares during the period. Finally, Royce & Associates LP acquired a new position in Hamilton Lane during the third quarter worth $538,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of HLNE stock opened at $201.57 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a 50 day moving average price of $178.38 and a 200 day moving average price of $148.65. Hamilton Lane has a 52-week low of $93.98 and a 52-week high of $203.72. The firm has a market capitalization of $11.17 billion, a P/E ratio of 43.72 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. As a group, sell-side analysts predict that Hamilton Lane will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.