Hamilton Lane (NASDAQ:HLNE) Sets New 52-Week High at $142.53

Hamilton Lane Incorporated (NASDAQ:HLNE)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $142.53 and last traded at $142.13, with a volume of 336558 shares. The stock had previously closed at $141.58.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HLNE shares. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a report on Friday, May 24th. UBS Group boosted their target price on shares of Hamilton Lane from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $114.29.

Hamilton Lane Stock Performance

The firm’s 50-day moving average price is $122.35 and its two-hundred day moving average price is $116.32. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $7.68 billion, a PE ratio of 38.23 and a beta of 1.17.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Thursday, May 23rd. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.38. The firm had revenue of $176.67 million for the quarter, compared to analysts’ expectations of $134.72 million. Hamilton Lane had a net margin of 25.43% and a return on equity of 31.07%. As a group, research analysts predict that Hamilton Lane Incorporated will post 4.52 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.38%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, June 14th. Hamilton Lane’s payout ratio is presently 53.12%.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors have recently bought and sold shares of HLNE. Vanguard Group Inc. lifted its position in shares of Hamilton Lane by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,185,272 shares of the company’s stock worth $288,076,000 after purchasing an additional 29,711 shares in the last quarter. Ziegler Capital Management LLC boosted its stake in shares of Hamilton Lane by 57.8% during the 4th quarter. Ziegler Capital Management LLC now owns 3,525 shares of the company’s stock valued at $400,000 after buying an additional 1,291 shares during the period. Colonial River Wealth Management LLC purchased a new position in shares of Hamilton Lane during the 4th quarter valued at $319,000. Arizona State Retirement System increased its stake in shares of Hamilton Lane by 4.0% in the fourth quarter. Arizona State Retirement System now owns 9,709 shares of the company’s stock worth $1,101,000 after acquiring an additional 370 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Hamilton Lane during the fourth quarter worth $142,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.