Hamilton Lane Incorporated (NASDAQ:HLNE) Given Average Recommendation of “Reduce” by Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average rating of “Reduce” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $168.33.

Several analysts have issued reports on the company. Morgan Stanley lifted 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. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company lowered their price objective on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating for the company in a report on Monday.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $141.14 on Wednesday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72. The stock has a market capitalization of $7.82 billion, a P/E ratio of 30.62 and a beta of 1.24. The business has a 50-day moving average price of $172.95 and a two-hundred day moving average price of $160.08.

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

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Monday, December 16th. Hamilton Lane’s payout ratio is 42.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HLNE. Wellington Management Group LLP grew its stake in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after purchasing an additional 413,015 shares during the period. State Street Corp grew its position in shares of Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after buying an additional 489,557 shares during the period. Geode Capital Management LLC increased its stake in shares of Hamilton Lane by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock valued at $186,111,000 after acquiring an additional 25,657 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Hamilton Lane by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after acquiring an additional 7,106 shares during the period. Finally, Fred Alger Management LLC lifted its position in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after acquiring an additional 65,151 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.