Shares of Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report) have earned an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $160.50.
Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley upped their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th.
View Our Latest Analysis on HLNE
Institutional Inflows and Outflows
Hamilton Lane Price Performance
HLNE stock opened at $179.64 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72. The business has a 50-day simple moving average of $164.50 and a two-hundred day simple moving average of $139.15. The company has a market capitalization of $9.70 billion, a P/E ratio of 48.68 and a beta of 1.19. Hamilton Lane has a 52-week low of $83.04 and a 52-week high of $185.10.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The company had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Research analysts expect that Hamilton Lane will post 4.9 EPS for the current fiscal year.
Hamilton Lane Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.09%. 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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