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

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned a consensus rating of “Hold” from 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 1-year price target among brokers that have issued a report on the stock in the last year is $180.33.

HLNE has been the topic of several analyst reports. Wells Fargo & Company raised their target price on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. UBS Group lifted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target 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. Finally, Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently made changes to their positions in HLNE. Oppenheimer Asset Management Inc. boosted its stake in Hamilton Lane by 13.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock worth $5,679,000 after purchasing an additional 5,412 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane in the 3rd quarter valued at $819,000. Price T Rowe Associates Inc. MD raised its position in Hamilton Lane by 15.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 394,806 shares of the company’s stock worth $44,519,000 after acquiring an additional 51,452 shares in the last quarter. Royce & Associates LP acquired a new stake in Hamilton Lane during the 3rd quarter valued at $538,000. Finally, SG Americas Securities LLC boosted its stake in Hamilton Lane by 427.0% in the 2nd quarter. SG Americas Securities LLC now owns 25,126 shares of the company’s stock valued at $3,105,000 after purchasing an additional 20,358 shares during the period. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Down 0.2 %

Shares of HLNE stock opened at $191.92 on Tuesday. Hamilton Lane has a fifty-two week low of $97.94 and a fifty-two week high of $203.72. The firm’s 50 day moving average price is $182.05 and its two-hundred day moving average price is $151.46. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 41.63 and a beta of 1.18. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm 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. The firm’s revenue was up 18.2% on a year-over-year basis. On average, analysts anticipate that Hamilton Lane will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 42.52%.

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.