Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) Price Target at $168.33

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $170.86.

HLNE has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group raised 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 downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research report on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods cut their price target on Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th.

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock worth $936,000 after buying an additional 3,922 shares during the last quarter. Retirement Systems of Alabama purchased a new stake in Hamilton Lane in the 3rd quarter valued at $8,291,000. Icon Wealth Advisors LLC acquired a new stake in Hamilton Lane during the 3rd quarter worth $819,000. Royce & Associates LP purchased a new position in Hamilton Lane during the 3rd quarter worth $538,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company’s stock valued at $3,522,000 after purchasing an additional 6,178 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Trading Up 4.6 %

NASDAQ HLNE opened at $157.13 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 34.08 and a beta of 1.24. The firm has a 50 day simple moving average of $167.71 and a 200-day simple moving average of $161.06. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $151.55 million. During the same quarter last year, the company posted $0.89 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts anticipate that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.25%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

About Hamilton Lane

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.