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

Hamilton Lane Incorporated (NASDAQ:HLNE) has been assigned an average rating of “Hold” from the seven ratings 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 target among brokerages that have updated their coverage on the stock in the last year is $154.67.

Several equities analysts recently commented on HLNE shares. 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 research note on Thursday, October 3rd. Wells Fargo & Company upped their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group upped their target price on Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research note on Wednesday, August 7th. Finally, Morgan Stanley upped their target price on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Hamilton Lane by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock valued at $385,177,000 after buying an additional 210,155 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Hamilton Lane by 60.5% in the first quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock valued at $1,691,000 after buying an additional 5,657 shares in the last quarter. Geneva Capital Management LLC acquired a new stake in shares of Hamilton Lane in the first quarter valued at about $22,395,000. Bamco Inc. NY acquired a new stake in shares of Hamilton Lane in the first quarter valued at about $3,076,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Hamilton Lane by 25.6% in the first quarter. BNP Paribas Financial Markets now owns 27,218 shares of the company’s stock valued at $3,069,000 after buying an additional 5,549 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Up 1.3 %

Shares of NASDAQ:HLNE 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. Hamilton Lane has a 52-week low of $78.66 and a 52-week high of $177.62. The stock’s fifty day simple moving average is $153.87 and its 200-day simple moving average is $133.28. The company has a market capitalization of $9.44 billion, a P/E ratio of 47.36 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data 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 business had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the prior year, the business earned $0.94 earnings per share. As a group, equities research analysts forecast that Hamilton Lane will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, September 16th. This represents a $1.96 annualized dividend and a yield of 1.12%. Hamilton Lane’s dividend payout ratio is presently 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.