Hamilton Lane Inc. (NASDAQ:HLNE) Stock Has Consensus Target Price of $128.00 According to Analysts

Shares of Hamilton Lane Inc. (NASDAQ:HLNE) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $126.62.

HLNE has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price target on shares of Hamilton Lane in a research report on Friday, October 2nd. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $105.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. BMO Capital Markets set a $94.00 price objective on Hamilton Lane in a research note on Monday, July 13th. Wells Fargo & Company assumed coverage on Hamilton Lane in a research report on Friday, October 2nd. They issued an “overweight” rating and a $103.00 target price for the company. Finally, Oppenheimer dropped their target price on Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently made changes to their positions in HLNE. AXQ Capital LP purchased a new stake in Hamilton Lane during the 2nd quarter worth $3,575,000. Sei Investments Co. boosted its position in Hamilton Lane by 37.4% in the 1st quarter. Sei Investments Co. now owns 406,425 shares of the company’s stock valued at $40,399,000 after buying an additional 110,617 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Hamilton Lane in the 2nd quarter valued at about $24,063,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Hamilton Lane during the second quarter valued at about $1,269,000. Finally, GW&K Investment Management LLC purchased a new stake in shares of Hamilton Lane during the fourth quarter worth about $33,534,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.

Hamilton Lane Trading Up 0.5%

Shares of HLNE stock opened at $85.66 on Friday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 13.06 and a beta of 1.23. The company has a quick ratio of 3.49, a current ratio of 3.49 and a debt-to-equity ratio of 0.16. Hamilton Lane has a fifty-two week low of $71.88 and a fifty-two week high of $155.66. The firm’s 50 day moving average price is $96.70 and its two-hundred day moving average price is $91.23.

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 company had revenue of $275.33 million during the quarter, compared to the consensus estimate of $221.94 million. During the same period in the previous year, the firm earned $1.47 earnings per share. Hamilton Lane’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, analysts anticipate that Hamilton Lane will post 7.25 EPS for the current year.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.8%. Hamilton Lane’s dividend payout ratio (DPR) is 36.59%.

About Hamilton Lane

Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.