Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report) 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.
View Our Latest Stock Analysis on HLNE
Institutional Inflows and Outflows
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 – Get Free Report) 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.
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