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

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given an average rating of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $173.14.

HLNE has been the subject of a number of recent research reports. The Goldman Sachs Group lowered shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 target price for the company in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upped their price target on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in Hamilton Lane during the third quarter valued at approximately $791,000. New York State Teachers Retirement System purchased a new stake in shares of Hamilton Lane during the 3rd quarter valued at $1,010,000. US Bancorp DE lifted its holdings in shares of Hamilton Lane by 399.2% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the company’s stock worth $319,000 after acquiring an additional 1,513 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Hamilton Lane by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 4,814 shares of the company’s stock worth $811,000 after acquiring an additional 168 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Hamilton Lane by 40.0% in the third quarter. Van ECK Associates Corp now owns 25,256 shares of the company’s stock valued at $4,436,000 after acquiring an additional 7,216 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Up 4.1 %

HLNE stock opened at $153.03 on Thursday. The stock has a fifty day moving average of $153.93 and a 200-day moving average of $165.30. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 28.23 and a beta of 1.25. 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 (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same quarter last year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, equities research analysts predict that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a dividend yield of 1.28%. Hamilton Lane’s payout ratio is currently 36.16%.

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.