Hamilton Lane Incorporated (NASDAQ:HLNE) Given Consensus Rating of “Hold” by Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $176.33.

Several research firms have commented on HLNE. UBS Group increased their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods dropped their target price on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Hamilton Lane Trading Down 0.5 %

NASDAQ:HLNE opened at $150.68 on Friday. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 32.69 and a beta of 1.19. The business has a fifty day moving average price of $183.43 and a 200-day moving average price of $156.09.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter in the previous year, the company earned $0.89 EPS. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Hamilton Lane will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP increased its position in Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. Signaturefd LLC increased its holdings in Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares during the period. CWM LLC increased its holdings in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. Fifth Third Bancorp raised its stake in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after buying an additional 358 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after buying an additional 156 shares during the period. 97.40% of the stock is currently owned by institutional investors.

About Hamilton Lane

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.