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

Hamilton Lane Inc. (NASDAQ:HLNE) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $150.00.

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Hamilton Lane from $159.00 to $141.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hamilton Lane in a research report on Wednesday. BMO Capital Markets lowered their price target on Hamilton Lane from $108.00 to $102.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Hamilton Lane from $166.00 to $148.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Finally, The Goldman Sachs Group set a $148.00 price objective on shares of Hamilton Lane and gave the company a “buy” rating in a research note on Friday, May 22nd.

Hamilton Lane Price Performance

HLNE stock opened at $80.46 on Friday. Hamilton Lane has a 12 month low of $76.79 and a 12 month high of $161.13. The company’s 50 day simple moving average is $92.73 and its 200-day simple moving average is $114.72. The firm has a market capitalization of $4.47 billion, a PE ratio of 13.61 and a beta of 1.14.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Thursday, May 21st. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. Hamilton Lane had a return on equity of 25.98% and a net margin of 32.83%.The company had revenue of $193.57 million during the quarter, compared to the consensus estimate of $203.05 million. During the same period in the previous year, the firm posted $1.21 EPS. Hamilton Lane’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Hamilton Lane will post 6.33 earnings per share for the current year.

Hamilton Lane Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Thursday, June 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.0%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Thursday, June 18th. Hamilton Lane’s dividend payout ratio (DPR) is currently 36.55%.

Hamilton Lane declared that its board has authorized a share buyback program on Thursday, May 21st that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Hamilton Lane

In related news, Chairman Hartley R. Rogers purchased 55,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of $90.05 per share, for a total transaction of $4,952,750.00. Following the acquisition, the chairman directly owned 55,000 shares in the company, valued at $4,952,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 22.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its holdings in shares of Hamilton Lane by 2,557.1% in the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 179 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $26,000. Cornerstone Planning Group LLC boosted its holdings in shares of Hamilton Lane by 347.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock valued at $29,000 after purchasing an additional 95 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Hamilton Lane by 81.2% in the 4th quarter. Parallel Advisors LLC now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Company Profile

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.