Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Average Rating of “Hold” from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $170.71.

HLNE has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. Oppenheimer upgraded Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price target on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating for the company in a research report on Thursday, March 20th.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its holdings in Hamilton Lane by 239.9% in the third quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after buying an additional 3,922 shares during the period. Retirement Systems of Alabama purchased a new position in Hamilton Lane in the 3rd quarter worth $8,291,000. Teachers Retirement System of The State of Kentucky increased its position in Hamilton Lane by 41.9% during the 3rd 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. BNP Paribas Financial Markets increased its holdings in shares of Hamilton Lane by 8.8% during the third quarter. BNP Paribas Financial Markets now owns 40,050 shares of the company’s stock valued at $6,744,000 after acquiring an additional 3,223 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Hamilton Lane by 2.4% in the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after acquiring an additional 25,657 shares during the period. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Trading Down 3.7 %

HLNE opened at $135.66 on Monday. Hamilton Lane has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. The company’s 50-day moving average is $152.82 and its 200 day moving average is $164.71. The firm has a market capitalization of $7.52 billion, a PE ratio of 25.03 and a beta of 1.28.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analysts’ expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. As a group, research analysts predict that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

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.