Hamilton Lane (NASDAQ:HLNE) Hits New 52-Week High – Should You Buy?

Hamilton Lane Incorporated (NASDAQ:HLNE)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $192.97 and last traded at $192.97, with a volume of 1638 shares changing hands. The stock had previously closed at $180.24.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. UBS Group upped their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley increased their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hamilton Lane has a consensus rating of “Hold” and a consensus target price of $160.50.

Hamilton Lane Trading Up 6.2 %

The company has a fifty day moving average price of $166.76 and a 200-day moving average price of $141.31. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 41.43 and a beta of 1.18. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. During the same period last year, the business posted $0.94 earnings per share. On average, equities research analysts predict that Hamilton Lane Incorporated will post 4.9 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. Hamilton Lane’s dividend payout ratio (DPR) is currently 45.06%.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Hamilton Lane by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after buying an additional 283,190 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Hamilton Lane by 2.0% in the 2nd quarter. Van Berkom & Associates Inc. now owns 892,812 shares of the company’s stock valued at $110,334,000 after buying an additional 17,272 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after purchasing an additional 7,106 shares during the last quarter. Fred Alger Management LLC increased its position in shares of Hamilton Lane by 10.5% in the second quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock valued at $84,964,000 after acquiring an additional 65,151 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hamilton Lane by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 590,270 shares of the company’s stock worth $72,943,000 after purchasing an additional 37,680 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

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.