Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) Price Target at $176.33

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $176.33.

A number of research firms have recently commented on HLNE. Morgan Stanley raised their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Keefe, Bruyette & Woods dropped their price target on shares of Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, UBS Group upped their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Hamilton Lane Trading Down 0.4 %

Shares of NASDAQ:HLNE opened at $150.07 on Friday. The company has a market capitalization of $8.32 billion, a PE ratio of 32.55 and a beta of 1.19. Hamilton Lane has a 12-month low of $103.42 and a 12-month high of $203.72. The business has a 50 day moving average of $182.41 and a two-hundred day moving average of $156.97. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. As a group, analysts forecast that Hamilton Lane will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.31%. Hamilton Lane’s payout ratio is currently 42.52%.

Institutional Investors Weigh In On Hamilton Lane

A number of large investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its position in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares during the last quarter. EFG Asset Management North America Corp. boosted its holdings in shares of Hamilton Lane by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after purchasing an additional 81 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Hamilton Lane by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after purchasing an additional 14,214 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hamilton Lane by 3.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,340 shares of the company’s stock valued at $1,031,000 after purchasing an additional 242 shares during the last quarter. Finally, F M Investments LLC purchased a new position in Hamilton Lane during the second quarter worth approximately $413,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.