Hamilton Lane (NASDAQ:HLNE) Hits New 1-Year High at $169.28

Hamilton Lane Incorporated (NASDAQ:HLNE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $169.28 and last traded at $169.28, with a volume of 102100 shares. The stock had previously closed at $168.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company started coverage on Hamilton Lane in a research report on Thursday, September 12th. They set an “equal weight” rating and a $156.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. UBS Group boosted their price objective on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus price target of $142.20.

Hamilton Lane Stock Down 0.2 %

The business’s 50-day moving average price is $148.32 and its 200-day moving average price is $129.22. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.07 billion, a PE ratio of 45.63 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same period in the prior year, the firm earned $0.94 earnings per share. As a group, equities research analysts predict that Hamilton Lane Incorporated will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s dividend payout ratio (DPR) is 53.12%.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Hamilton Lane by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock worth $385,177,000 after buying an additional 210,155 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Hamilton Lane by 60.5% during the first quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock valued at $1,691,000 after purchasing an additional 5,657 shares during the last quarter. Geneva Capital Management LLC acquired a new position in Hamilton Lane during the first quarter valued at approximately $22,395,000. Bamco Inc. NY acquired a new position in Hamilton Lane during the first quarter valued at approximately $3,076,000. Finally, BNP Paribas Financial Markets grew its holdings in Hamilton Lane by 25.6% during the first quarter. BNP Paribas Financial Markets now owns 27,218 shares of the company’s stock valued at $3,069,000 after purchasing an additional 5,549 shares during the last quarter. 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.