Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $176.33 Average Target Price from Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $176.33.

A number of equities research analysts recently commented on HLNE shares. Morgan Stanley increased their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. UBS Group increased their target price 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. The Goldman Sachs Group boosted their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a research report on Friday, December 20th.

Hamilton Lane Stock Performance

Shares of HLNE stock opened at $150.58 on Friday. The stock has a market capitalization of $8.35 billion, a PE ratio of 32.66 and a beta of 1.19. The business’s 50 day simple moving average is $181.34 and its 200 day simple moving average is $157.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72.

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

Hamilton Lane Announces Dividend

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. The ex-dividend date is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.30%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Hedge Funds Weigh In On Hamilton Lane

Large investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. Signaturefd LLC increased its stake in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after buying an additional 73 shares during the period. CWM LLC raised its holdings in shares of Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock valued at $85,000 after acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp lifted its stake in Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Hamilton Lane by 32.4% in the third quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock worth $107,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors 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.