Analysts Set Hamilton Lane Incorporated (NASDAQ:HLNE) Price Target at $143.00

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $154.67.

HLNE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, August 7th. Morgan Stanley upped their price objective on Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Thursday. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th.

Hamilton Lane Trading Up 1.3 %

NASDAQ HLNE opened at $174.74 on Monday. Hamilton Lane has a 12 month low of $78.66 and a 12 month high of $177.62. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $153.87 and its 200-day moving average price is $132.97. The stock has a market cap of $9.47 billion, a P/E ratio of 40.17 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate 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 26.99% and a return on equity of 34.36%. During the same quarter last year, the firm earned $0.94 earnings per share. As a group, equities analysts forecast that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.12%. Hamilton Lane’s dividend payout ratio is currently 45.06%.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Hamilton Lane by 8.3% during the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after buying an additional 283,190 shares during the period. Geneva Capital Management LLC acquired a new position in shares of Hamilton Lane in the first quarter valued at about $22,395,000. American Century Companies Inc. raised its stake in shares of Hamilton Lane by 30.3% in the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after purchasing an additional 135,040 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Hamilton Lane in the first quarter worth about $11,445,000. Finally, Capital World Investors acquired a new stake in shares of Hamilton Lane during the first quarter worth about $9,724,000. 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.