Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have earned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $160.50.

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, 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 report on Wednesday, August 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd lifted its holdings in Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after purchasing an additional 298 shares during the last quarter. Quarry LP lifted its stake in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after buying an additional 234 shares in the last quarter. Signaturefd LLC boosted its holdings in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after buying an additional 73 shares during the period. CWM LLC raised its holdings in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

HLNE stock opened at $179.64 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The business has a 50-day simple moving average of $164.50 and a two-hundred day simple moving average of $139.15. The company has a market capitalization of $9.70 billion, a P/E ratio of 48.68 and a beta of 1.19. Hamilton Lane has a 52-week low of $83.04 and a 52-week high of $185.10.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The company had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Research analysts expect that Hamilton Lane will post 4.9 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.09%. 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.