Analysts Set Hamilton Lane Incorporated (NASDAQ:HLNE) Price Target at $170.71

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $170.71.

A number of brokerages recently commented on HLNE. The Goldman Sachs Group downgraded 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. Oppenheimer raised 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. Keefe, Bruyette & Woods boosted their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their price objective on shares of Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 20th.

Institutional Investors Weigh In On Hamilton Lane

A number of large investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its position in Hamilton Lane by 252.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company’s stock worth $26,000 after acquiring an additional 126 shares during the period. Versant Capital Management Inc purchased a new position in shares of Hamilton Lane in the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares during the period. Farther Finance Advisors LLC boosted its position in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after buying an additional 221 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane in the 4th quarter worth approximately $65,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

Shares of Hamilton Lane stock opened at $135.66 on Monday. Hamilton Lane has a 52 week low of $108.34 and a 52 week high of $203.72. The company has a market capitalization of $7.52 billion, a PE ratio of 25.03 and a beta of 1.28. The stock’s fifty day moving average is $152.82 and its two-hundred day moving average is $164.81. 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 announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. As a group, analysts expect that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.49 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. Hamilton Lane’s dividend payout ratio is currently 36.16%.

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.