Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $133.20 Average Target Price from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $142.20.

A number of equities research analysts have recently issued reports on HLNE shares. UBS Group upped their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st. Wells Fargo & Company began coverage on shares of Hamilton Lane in a research note on Thursday. They set an “equal weight” rating and a $156.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price target on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of Hamilton Lane in the fourth quarter valued at approximately $26,000. Covestor Ltd lifted its holdings in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock valued at $34,000 after acquiring an additional 298 shares during the period. Quarry LP boosted its position in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares in the last quarter. Signaturefd LLC grew its stake in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Performance

HLNE opened at $152.87 on Thursday. The stock has a market cap of $8.29 billion, a P/E ratio of 41.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a fifty day moving average price of $142.41 and a 200 day moving average price of $125.00. Hamilton Lane has a 1 year low of $78.66 and a 1 year high of $161.19.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.41. The business had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the prior year, the company posted $0.94 EPS. Equities research analysts anticipate that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be given a $0.49 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.28%. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

About Hamilton Lane

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.