Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $109.67 Average Price Target from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $109.67.

Several brokerages have commented on HLNE. UBS Group boosted their target price on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Oppenheimer cut Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. Wells Fargo & Company boosted their price target on Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. cut Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price target on the stock. in a report on Thursday, April 11th. Finally, Morgan Stanley boosted their price target on Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th.

Hamilton Lane Stock Down 0.1 %

HLNE opened at $110.24 on Monday. Hamilton Lane has a fifty-two week low of $62.86 and a fifty-two week high of $121.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market capitalization of $5.95 billion, a P/E ratio of 33.92 and a beta of 1.18. The stock has a fifty day moving average of $112.29 and a 200-day moving average of $104.71.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). The company had revenue of $125.26 million during the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. On average, equities analysts expect that Hamilton Lane will post 3.55 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Thursday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is 54.77%.

Insider Transactions at Hamilton Lane

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 26.82% of the company’s stock.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently modified their holdings of the company. Voya Investment Management LLC lifted its stake in Hamilton Lane by 0.8% during the 4th quarter. Voya Investment Management LLC now owns 15,780 shares of the company’s stock valued at $1,790,000 after acquiring an additional 120 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Hamilton Lane by 0.7% during the 3rd quarter. New York State Common Retirement Fund now owns 17,238 shares of the company’s stock worth $1,559,000 after purchasing an additional 128 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in shares of Hamilton Lane by 11.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,609 shares of the company’s stock worth $146,000 after purchasing an additional 168 shares during the period. FMR LLC raised its stake in shares of Hamilton Lane by 44.6% during the 2nd quarter. FMR LLC now owns 600 shares of the company’s stock worth $40,000 after purchasing an additional 185 shares during the period. Finally, Van Hulzen Asset Management LLC raised its stake in shares of Hamilton Lane by 1.8% during 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. 97.40% of the stock is currently owned by 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.