Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $173.14 Average PT from Analysts

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

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Oppenheimer raised shares of 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. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a report on Monday, January 6th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC increased its holdings in Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after buying an additional 61 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after buying an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Hamilton Lane in the fourth quarter valued at about $65,000. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane in the third quarter valued at about $111,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Hamilton Lane in the third quarter valued at about $127,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

NASDAQ HLNE opened at $145.94 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane has a 1 year low of $103.42 and a 1 year high of $203.72. The company has a market capitalization of $8.09 billion, a PE ratio of 26.93 and a beta of 1.28. The company has a fifty day moving average of $153.73 and a two-hundred day moving average of $165.26.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating 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 business had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 34.3% compared to the same quarter last year. As a group, analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.34%. Hamilton Lane’s dividend 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.