Hamilton Lane Inc. (NASDAQ:HLNE) Receives $131.57 Consensus PT from Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $131.5714.

HLNE has been the topic of several analyst reports. BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research report on Monday, July 13th. The Goldman Sachs Group decreased their price target on Hamilton Lane from $148.00 to $128.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. UBS Group increased their target price on shares of Hamilton Lane from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley reduced their price target on shares of Hamilton Lane from $141.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lowered 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 report on Monday, May 18th.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in HLNE. Quarry LP increased its holdings in Hamilton Lane by 2,557.1% during the 3rd quarter. Quarry LP now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 179 shares during the period. Advisory Services Network LLC acquired a new position in Hamilton Lane during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC increased its position 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. IFP Advisors Inc raised its holdings in shares of Hamilton Lane by 332.0% in the 2nd quarter. IFP Advisors Inc now owns 419 shares of the company’s stock valued at $33,000 after purchasing an additional 322 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

NASDAQ HLNE opened at $95.98 on Monday. The business’s fifty day simple moving average is $95.25 and its 200-day simple moving average is $93.29. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. The firm has a market cap of $5.33 billion, a PE ratio of 14.63 and a beta of 1.19. Hamilton Lane has a 52 week low of $71.88 and a 52 week high of $155.66.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.41. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The firm had revenue of $275.33 million during the quarter, compared to analysts’ expectations of $221.94 million. During the same period last year, the business earned $1.47 earnings per share. Hamilton Lane’s revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts anticipate that Hamilton Lane will post 7.25 earnings per share for the current year.

Hamilton Lane declared that its board has initiated a stock buyback program on Thursday, May 21st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, September 21st. Hamilton Lane’s payout ratio is currently 36.59%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global investment management firm focused on private markets. The company provides investment solutions and advisory services across private equity, private credit, venture capital, infrastructure, real estate and other alternative investment strategies.

Its offerings include customized separate accounts, commingled funds, specialized funds and direct investment programs. Hamilton Lane also provides portfolio management, investment monitoring, due diligence, asset allocation and related advisory services to institutional investors, financial intermediaries and private wealth clients.

Founded in 1991, Hamilton Lane serves clients internationally through operations spanning North America, Europe, Asia-Pacific and the Middle East.