Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Rating of “Hold” from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have earned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $180.33.

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price objective on 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. upped their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th.

Hamilton Lane Stock Down 0.2 %

NASDAQ HLNE opened at $191.92 on Tuesday. The business has a fifty day moving average price of $182.05 and a two-hundred day moving average price of $151.46. The stock has a market capitalization of $10.64 billion, a PE ratio of 41.63 and a beta of 1.18. Hamilton Lane has a fifty-two week low of $97.94 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

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

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s payout ratio is presently 42.52%.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds have recently made changes to their positions in HLNE. State Street Corp lifted its position in shares of Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the period. Wellington Management Group LLP raised its stake in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after buying an additional 413,015 shares during the last quarter. American Century Companies Inc. lifted its holdings in Hamilton Lane by 30.3% in the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock valued at $71,772,000 after buying an additional 135,040 shares during the period. Barclays PLC grew its holdings in Hamilton Lane by 84.5% during the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock worth $41,488,000 after acquiring an additional 112,866 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock worth $98,297,000 after acquiring an additional 97,924 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

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.