Hamilton Lane Incorporated (NASDAQ:HLNE) Given Average Rating of “Hold” by Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $102.33.

Several research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Morgan Stanley increased their target price on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th.

Insider Buying and Selling

In related news, major shareholder Oakville Number 2 Trust sold 55,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total value of $5,940,000.00. Following the completion of the sale, the insider now directly owns 480,015 shares in the company, valued at approximately $51,841,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.82% of the stock is owned by company insiders.

Institutional Trading of Hamilton Lane

Several institutional investors and hedge funds have recently bought and sold shares of HLNE. Bank of New York Mellon Corp lifted its stake in Hamilton Lane by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 187,549 shares of the company’s stock valued at $14,494,000 after acquiring an additional 3,340 shares during the period. American Century Companies Inc. lifted its stake in shares of Hamilton Lane by 13.8% in the 1st quarter. American Century Companies Inc. now owns 5,518 shares of the company’s stock valued at $426,000 after purchasing an additional 670 shares during the period. US Bancorp DE lifted its stake in shares of Hamilton Lane by 373.9% in the 1st quarter. US Bancorp DE now owns 3,109 shares of the company’s stock valued at $241,000 after purchasing an additional 2,453 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Hamilton Lane by 321.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock valued at $48,000 after purchasing an additional 466 shares during the period. Finally, Natixis Advisors L.P. acquired a new position in shares of Hamilton Lane in the 1st quarter valued at $805,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Up 0.7 %

Shares of Hamilton Lane stock opened at $110.87 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.58 and a quick ratio of 2.58. Hamilton Lane has a 1 year low of $62.86 and a 1 year high of $121.90. The firm’s 50-day moving average is $113.57 and its two-hundred day moving average is $102.43. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 34.11 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The business had revenue of $125.26 million for the quarter, compared to the consensus estimate of $130.47 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, research analysts expect that Hamilton Lane will post 3.55 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Friday, March 15th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, March 14th. Hamilton Lane’s dividend payout ratio is currently 54.77%.

Hamilton Lane Company Profile

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.