Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Recommendation of “Hold” from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $180.33.

HLNE has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd.

Hamilton Lane Trading Up 0.2 %

Shares of NASDAQ:HLNE opened at $192.40 on Tuesday. The company has a market capitalization of $10.67 billion, a PE ratio of 41.74 and a beta of 1.18. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 12-month low of $96.38 and a 12-month high of $203.72. The business’s fifty day simple moving average is $182.05 and its 200-day simple moving average is $150.97.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. Hamilton Lane’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, equities research analysts predict that Hamilton Lane will post 4.87 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, December 16th. Hamilton Lane’s dividend payout ratio is currently 42.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after buying an additional 413,015 shares in the last quarter. State Street Corp increased its stake in shares of Hamilton Lane by 53.7% during the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hamilton Lane by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after purchasing an additional 25,657 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in Hamilton Lane by 2.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock worth $110,334,000 after buying an additional 17,272 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock valued at $145,388,000 after acquiring an additional 7,106 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

About Hamilton Lane

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.