Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Average Rating of “Hold” from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $180.33.

A number of research firms have recently commented on HLNE. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. UBS Group raised their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Hamilton Lane Stock Up 1.0 %

Shares of NASDAQ:HLNE opened at $201.57 on Tuesday. Hamilton Lane has a fifty-two week low of $93.98 and a fifty-two week high of $203.72. The firm’s 50 day moving average price is $178.38 and its 200 day moving average price is $148.65. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 43.72 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The business had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, equities research analysts predict that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.97%. Hamilton Lane’s payout ratio is 42.52%.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in HLNE. State Street Corp boosted its holdings in shares of Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Wellington Management Group LLP lifted its position in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares during the period. American Century Companies Inc. increased its position in Hamilton Lane by 30.3% during the 2nd quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after purchasing an additional 135,040 shares during the period. Barclays PLC increased its position in Hamilton Lane by 84.5% during the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock worth $41,488,000 after purchasing an additional 112,866 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Hamilton Lane by 20.2% during the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after buying an additional 97,924 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.