Hamilton Lane Incorporated (NASDAQ:HLNE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $179.00.

HLNE has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods boosted their price target on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE opened at $189.42 on Friday. The company’s fifty day moving average is $168.40 and its two-hundred day moving average is $142.01. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. Hamilton Lane has a 12-month low of $86.20 and a 12-month high of $196.60. The company has a market cap of $10.27 billion, a P/E ratio of 43.54 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last announced 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. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same period in the previous year, the business earned $0.89 EPS. The company’s revenue was up 18.2% on a year-over-year basis. Equities analysts expect that Hamilton Lane will post 4.9 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is presently 45.06%.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 298 shares in the last quarter. Quarry LP lifted its position in Hamilton Lane by 316.2% during 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 last quarter. CWM LLC lifted its position in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC lifted its position in Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after acquiring an additional 73 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.