Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) Target Price at $173.14

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $173.14.

HLNE has been the topic of several research analyst reports. 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. Oppenheimer upgraded shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their target price on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th.

Hamilton Lane Price Performance

Shares of HLNE opened at $137.87 on Thursday. Hamilton Lane has a twelve month low of $105.09 and a twelve month high of $203.72. The company has a market capitalization of $7.64 billion, a P/E ratio of 25.44 and a beta of 1.28. The firm has a 50 day moving average of $153.73 and a 200 day moving average of $165.40. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million during 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. As a group, equities research analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.42%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

Institutional Trading of Hamilton Lane

Several hedge funds have recently bought and sold shares of HLNE. FMR LLC raised its stake in Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after acquiring an additional 3,922 shares during the period. Retirement Systems of Alabama purchased a new stake in Hamilton Lane in the 3rd quarter worth $8,291,000. Icon Wealth Advisors LLC bought a new position in Hamilton Lane during the third quarter valued at approximately $819,000. Royce & Associates LP bought a new position in shares of Hamilton Lane during the 3rd quarter valued at approximately $538,000. Finally, Teachers Retirement System of The State of Kentucky grew its stake in shares of Hamilton Lane by 41.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock worth $3,522,000 after buying an additional 6,178 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.