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

Hamilton Lane Incorporated (NASDAQ:HLNE) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $170.71.

Several research firms have recently weighed in on HLNE. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research report on Monday, January 6th. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th.

Hamilton Lane Trading Down 2.5 %

HLNE opened at $147.08 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane has a one year low of $108.34 and a one year high of $203.72. The company has a market cap of $8.15 billion, a P/E ratio of 27.14 and a beta of 1.28. The business’s 50-day simple moving average is $153.94 and its 200-day simple moving average is $165.09.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 EPS. As a group, equities research analysts expect that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.33%. Hamilton Lane’s dividend payout ratio (DPR) is 36.16%.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC raised its position in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after acquiring an additional 61 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after purchasing an additional 221 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of Hamilton Lane in the 4th quarter valued at about $65,000. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane in the third quarter valued at about $111,000. Finally, R Squared Ltd acquired a new stake in shares of Hamilton Lane in the fourth quarter valued at about $213,000. 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.