Analysts Set Hamilton Lane Incorporated (NASDAQ:HLNE) Target Price at $114.29

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $114.29.

Several equities research analysts recently issued reports on HLNE shares. UBS Group upped their price target on Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 24th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $118.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, May 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $115.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, May 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in Hamilton Lane by 228.5% in the third quarter. FMR LLC now owns 61,672 shares of the company’s stock valued at $5,578,000 after purchasing an additional 42,898 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Hamilton Lane by 54.2% in the third quarter. Acadian Asset Management LLC now owns 3,097 shares of the company’s stock valued at $279,000 after buying an additional 1,089 shares during the period. Stifel Financial Corp lifted its position in shares of Hamilton Lane by 5.4% during the 3rd quarter. Stifel Financial Corp now owns 30,891 shares of the company’s stock valued at $2,794,000 after buying an additional 1,572 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hamilton Lane by 1.6% during the 3rd quarter. Northern Trust Corp now owns 495,230 shares of the company’s stock worth $44,789,000 after acquiring an additional 7,686 shares during the period. Finally, Natixis Advisors L.P. increased its holdings in Hamilton Lane by 9.2% in the 3rd quarter. Natixis Advisors L.P. now owns 13,089 shares of the company’s stock worth $1,184,000 after acquiring an additional 1,099 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Down 0.4 %

Shares of NASDAQ HLNE opened at $123.12 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02. The company has a 50-day moving average price of $118.77 and a 200-day moving average price of $114.88. The stock has a market capitalization of $6.65 billion, a P/E ratio of 33.37 and a beta of 1.17. Hamilton Lane has a 1 year low of $76.47 and a 1 year high of $130.97.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.38. The business had revenue of $176.67 million during the quarter, compared to the consensus estimate of $134.72 million. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. On average, equities research analysts forecast that Hamilton Lane will post 4.51 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be issued a $0.49 dividend. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, June 14th. Hamilton Lane’s payout ratio is 53.12%.

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.