Hamilton Lane Incorporated (NASDAQ:HLNE) Given Consensus Rating of “Hold” by Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $173.14.

Several research analysts have issued reports on HLNE shares. Keefe, Bruyette & Woods increased their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group downgraded Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th.

Hamilton Lane Stock Up 1.0 %

Shares of NASDAQ:HLNE opened at $141.47 on Thursday. The business’s 50 day simple moving average is $153.38 and its two-hundred day simple moving average is $165.25. The firm has a market cap of $7.84 billion, a P/E ratio of 26.10 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. Hamilton Lane has a 52-week low of $105.09 and a 52-week high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The company’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. As a group, research analysts forecast that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th 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 1.39%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is 36.16%.

Institutional Trading of Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of the business. CBIZ Investment Advisory Services LLC increased its position in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock valued at $705,000 after acquiring an additional 65 shares during the last quarter. Arizona State Retirement System increased its position in shares of Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after acquiring an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. increased its position in shares of Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position 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 acquiring an additional 93 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other 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.