Analysts Set Hamilton Lane Incorporated (NASDAQ:HLNE) Price Target at $127.60

Hamilton Lane Incorporated (NASDAQ:HLNE) 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

NASDAQ:HLNE opened at $151.45 on Friday. Hamilton Lane has a 52 week low of $78.66 and a 52 week high of $151.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.02 and a current ratio of 3.02. The firm’s 50-day simple moving average is $133.53 and its 200 day simple moving average is $121.47. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 41.04 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) 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.