Brokerages Set Hamilton Lane Inc. (NASDAQ:HLNE) Target Price at $159.29

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $159.2857.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. BMO Capital Markets started coverage on Hamilton Lane in a research note on Friday, October 3rd. They issued an “outperform” rating and a $150.00 price target on the stock. Morgan Stanley reduced their price objective on shares of Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Wall Street Zen raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, November 6th.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $131.25 on Tuesday. The company has a fifty day moving average price of $130.73 and a two-hundred day moving average price of $145.59. Hamilton Lane has a one year low of $111.98 and a one year high of $203.63. The stock has a market cap of $7.31 billion, a P/E ratio of 25.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.32 and a quick ratio of 4.32.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.46. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The business had revenue of $190.88 million during the quarter, compared to the consensus estimate of $171.86 million. As a group, equities analysts predict that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, December 19th. Hamilton Lane’s payout ratio is currently 39.13%.

Insider Buying and Selling

In other news, CEO Juan Delgado-Moreira bought 8,000 shares of the stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $130.35 per share, for a total transaction of $1,042,800.00. Following the completion of the purchase, the chief executive officer owned 1,314,447 shares in the company, valued at approximately $171,338,166.45. This trade represents a 0.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 22.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc boosted its position in shares of Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock valued at $144,000 after buying an additional 80 shares during the last quarter. CWM LLC lifted its stake in Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company’s stock valued at $91,000 after acquiring an additional 94 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Hamilton Lane by 80.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after acquiring an additional 95 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in Hamilton Lane by 1.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock worth $1,198,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Hamilton Lane by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $1,734,000 after acquiring an additional 100 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.