Hamilton Lane (NASDAQ:HLNE) Hits New 12-Month High at $152.48

Hamilton Lane Incorporated (NASDAQ:HLNE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $152.48 and last traded at $152.27, with a volume of 1624 shares changing hands. The stock had previously closed at $151.45.

Wall Street Analysts Forecast Growth

HLNE has been the subject of several analyst reports. UBS Group raised their price objective on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $133.20.

Hamilton Lane Trading Up 0.5 %

The firm has a market capitalization of $8.30 billion, a PE ratio of 41.63 and a beta of 1.17. The stock’s 50-day moving average price is $135.02 and its 200 day moving average price is $122.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 3.02.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 6th. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $196.73 million for the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. During the same period last year, the company posted $0.94 earnings per share. On average, sell-side analysts expect that Hamilton Lane Incorporated will post 4.52 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently modified their holdings of HLNE. TD Asset Management Inc increased its position in shares of Hamilton Lane by 249.5% during the fourth quarter. TD Asset Management Inc now owns 1,143,179 shares of the company’s stock worth $129,682,000 after acquiring an additional 816,102 shares during the period. Epoch Investment Partners Inc. increased its holdings in Hamilton Lane by 108.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock valued at $90,678,000 after buying an additional 416,103 shares during the period. Norges Bank purchased a new position in Hamilton Lane during the fourth quarter valued at approximately $43,195,000. Vanguard Group Inc. increased its holdings in Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after buying an additional 283,190 shares during the period. Finally, Geneva Capital Management LLC purchased a new position in Hamilton Lane during the first quarter valued at approximately $22,395,000. 97.40% of the stock is owned by hedge funds and other 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.