Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $143.00 Consensus Price Target from Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $154.67.

A number of research firms have recently weighed in on HLNE. Keefe, Bruyette & Woods upped their price objective on 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 increased their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Morgan Stanley increased their price objective on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, UBS Group boosted their target price on Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st.

Hamilton Lane Stock Up 1.3 %

Hamilton Lane stock opened at $174.74 on Monday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $153.87 and its 200 day moving average price is $132.97. Hamilton Lane has a 52 week low of $78.66 and a 52 week high of $177.62. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 40.17 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.10 by $0.41. The company had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. During the same quarter in the previous year, the firm earned $0.94 EPS. As a group, sell-side analysts anticipate that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.12%. Hamilton Lane’s dividend payout ratio (DPR) is currently 45.06%.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd grew its position in Hamilton Lane by 14,900.0% during the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after buying an additional 298 shares during the period. Quarry LP grew its holdings in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares during the period. Signaturefd LLC increased its stake in Hamilton Lane by 13.1% in the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. CWM LLC raised its holdings in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Finally, 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 purchasing an additional 358 shares in the last quarter. 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.