Hamilton Lane (HLNE) Receiving Somewhat Favorable News Coverage, Analysis Finds

Press coverage about Hamilton Lane (NASDAQ:HLNE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hamilton Lane earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5723331430889 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Hamilton Lane (NASDAQ HLNE) traded up 1.05% during trading on Tuesday, reaching $23.04. 76,708 shares of the company’s stock were exchanged. The company has a market capitalization of $443.87 million and a price-to-earnings ratio of 73.14. The stock’s 50-day moving average price is $22.63 and its 200-day moving average price is $20.65. Hamilton Lane has a 52-week low of $17.32 and a 52-week high of $24.00.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The firm had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.69 million. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts expect that Hamilton Lane will post $1.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.07%.

HLNE has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $23.00 price objective (up previously from $21.00) on shares of Hamilton Lane in a report on Friday, June 16th. Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, June 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.20.

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Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

Insider Buying and Selling by Quarter for Hamilton Lane (NASDAQ:HLNE)

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