Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Rating of “Hold” from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $173.14.

Several research firms have recently commented on HLNE. Wells Fargo & Company boosted their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered shares of 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. Morgan Stanley raised 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. Finally, Keefe, Bruyette & Woods upped their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th.

Hamilton Lane Stock Down 5.5 %

Shares of HLNE opened at $137.87 on Thursday. The firm has a market capitalization of $7.64 billion, a P/E ratio of 25.44 and a beta of 1.28. Hamilton Lane has a 12-month low of $105.09 and a 12-month high of $203.72. The firm has a fifty day moving average price of $153.73 and a 200-day moving average price of $165.40. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Equities research analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 yield of 1.42%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s dividend payout ratio is presently 36.16%.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors have recently modified their holdings of the stock. CBIZ Investment Advisory Services LLC raised its stake in shares of Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares during the period. Farther Finance Advisors LLC boosted its holdings in Hamilton Lane by 283.3% in the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock worth $44,000 after buying an additional 221 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Hamilton Lane during the 4th quarter worth approximately $65,000. Icon Wealth Advisors LLC acquired a new position in shares of Hamilton Lane during the third quarter valued at approximately $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Hamilton Lane during the third quarter valued at approximately $127,000. Hedge funds and other 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.