Hamilton Lane Incorporated (NASDAQ:HLNE) Given Average Recommendation of “Hold” by Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $176.33.

HLNE has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods decreased their price objective on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of HLNE. Signaturefd LLC lifted its position in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after acquiring an additional 73 shares during the period. EFG Asset Management North America Corp. raised its holdings in shares of Hamilton Lane by 0.5% during the second quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after purchasing an additional 81 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Hamilton Lane by 0.6% during the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after purchasing an additional 93 shares during the period. CWM LLC grew its stake in shares of Hamilton Lane by 24.7% in the 3rd quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after buying an additional 100 shares during the period. Finally, Islay Capital Management LLC grew its stake in shares of Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company’s stock valued at $801,000 after buying an additional 103 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Trading Down 1.6 %

HLNE opened at $151.55 on Friday. The company has a market cap of $8.40 billion, a P/E ratio of 32.87 and a beta of 1.19. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $180.80 and its 200-day moving average is $157.12. Hamilton Lane has a 1-year low of $103.42 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. During the same period in the prior year, the company earned $0.89 EPS. Hamilton Lane’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.29%. Hamilton Lane’s payout ratio is currently 42.52%.

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.