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

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $142.20.

A number of analysts recently weighed in on HLNE shares. Wells Fargo & Company started coverage on shares of Hamilton Lane in a report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price target for the company. Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. UBS Group raised their price target on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HLNE. Principal Securities Inc. bought a new position in Hamilton Lane during the 4th quarter worth approximately $26,000. Covestor Ltd boosted its stake in Hamilton Lane by 14,900.0% during the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after acquiring an additional 298 shares during the last quarter. Quarry LP boosted its stake 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. Signaturefd LLC boosted its stake 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, Fifth Third Bancorp boosted its stake in Hamilton Lane by 106.5% during the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Stock Up 0.2 %

Shares of HLNE opened at $153.23 on Thursday. Hamilton Lane has a 12 month low of $78.66 and a 12 month high of $161.19. The company has a 50-day moving average price of $142.41 and a two-hundred day moving average price of $125.07. 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 stock has a market cap of $8.28 billion, a price-to-earnings ratio of 41.53 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. Equities analysts predict that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.

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.