Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) PT at $170.71

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $170.71.

HLNE has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price for the company. in a research note on Monday, January 6th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors have recently modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB boosted its stake in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after acquiring an additional 126 shares during the last quarter. CBIZ Investment Advisory Services LLC raised 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 worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Hamilton Lane by 283.3% during the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after purchasing an additional 221 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $65,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Hamilton Lane in the 3rd quarter valued at $111,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 2.3 %

Shares of Hamilton Lane stock opened at $155.48 on Monday. Hamilton Lane has a 52-week low of $108.34 and a 52-week high of $203.72. The firm has a market capitalization of $8.62 billion, a PE ratio of 28.69 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company’s fifty day moving average price is $153.71 and its two-hundred day moving average price is $165.00.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Hamilton Lane’s quarterly revenue was up 34.3% on a year-over-year basis. On average, analysts expect that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is 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.