Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $133.20.
HLNE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. UBS Group raised their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a report on Wednesday, August 7th.
Hamilton Lane Price Performance
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. The company had revenue of $196.73 million during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.94 earnings per share. As a group, sell-side analysts predict that Hamilton Lane will post 4.52 earnings per share for the current year.
Hamilton Lane Announces Dividend
The business 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 $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s payout ratio is 53.12%.
Institutional Trading of Hamilton Lane
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its stake in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after purchasing an additional 73 shares in the last quarter. EFG Asset Management North America Corp. raised its holdings in Hamilton Lane by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock worth $2,125,000 after purchasing an additional 81 shares during the last quarter. Van Hulzen Asset Management LLC lifted its position in shares of Hamilton Lane by 1.8% in the 4th quarter. Van Hulzen Asset Management LLC now owns 10,840 shares of the company’s stock worth $1,230,000 after purchasing an additional 189 shares during the period. Personal CFO Solutions LLC boosted its stake in shares of Hamilton Lane by 4.9% in the 4th quarter. Personal CFO Solutions LLC now owns 4,220 shares of the company’s stock valued at $479,000 after purchasing an additional 196 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Hamilton Lane by 0.4% during the second quarter. Rhumbline Advisers now owns 55,451 shares of the company’s stock worth $6,853,000 after buying an additional 208 shares during the last quarter. Institutional investors own 97.40% of the company’s stock.
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.
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