Hamilton Lane Inc. (NASDAQ:HLNE) Receives Average Recommendation of “Moderate Buy” from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $157.7143.

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods raised Hamilton Lane from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $168.00 to $150.00 in a research note on Monday, October 13th. The Goldman Sachs Group raised Hamilton Lane from a “sell” rating to a “neutral” rating and upped their price target for the company from $149.00 to $162.00 in a research note on Thursday, September 18th. Wells Fargo & Company upped their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. BMO Capital Markets assumed coverage on Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd.

Insider Activity at Hamilton Lane

In related news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the completion of the sale, the insider directly owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This represents a 31.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.21% of the stock is currently owned by company insiders.

Institutional Trading of Hamilton Lane

A number of large investors have recently bought and sold shares of HLNE. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Hamilton Lane during the 1st quarter worth approximately $432,772,000. Champlain Investment Partners LLC bought a new stake in Hamilton Lane during the 1st quarter worth approximately $112,887,000. T. Rowe Price Investment Management Inc. increased its stake in Hamilton Lane by 63.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company’s stock worth $189,555,000 after purchasing an additional 494,637 shares in the last quarter. Norges Bank bought a new stake in Hamilton Lane during the 2nd quarter worth approximately $46,641,000. Finally, Nuveen LLC bought a new stake in Hamilton Lane during the 1st quarter worth approximately $24,334,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Performance

Hamilton Lane stock opened at $118.92 on Friday. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane has a 1 year low of $114.63 and a 1 year high of $203.72. The company has a market cap of $6.62 billion, a PE ratio of 22.87 and a beta of 1.20. The company’s 50-day moving average is $139.79 and its two-hundred day moving average is $147.37.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. During the same period in the prior year, the company posted $1.47 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Equities analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Friday, September 19th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.8%. Hamilton Lane’s dividend payout ratio is 41.54%.

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.