Hamilton Lane (NASDAQ:HLNE) Earns Outperform Rating from Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Hamilton Lane (NASDAQ:HLNE) in a research report sent to investors on Friday, Marketbeat.com reports. The firm issued an outperform rating and a $150.00 price target on the stock.

Several other research firms have also recently weighed in on HLNE. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. Wells Fargo & Company lifted their price objective on Hamilton Lane from $161.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a “market perform” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Hamilton Lane has an average rating of “Hold” and a consensus target price of $164.38.

Hamilton Lane Stock Up 0.8%

Shares of NASDAQ HLNE opened at $127.60 on Friday. Hamilton Lane has a 12-month low of $124.10 and a 12-month high of $203.72. The firm’s 50-day simple moving average is $149.42 and its 200 day simple moving average is $150.10. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 24.54 and a beta of 1.20.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.33. Hamilton Lane had a net margin of 30.66% and a return on equity of 29.47%. The company had revenue of $196.73 million during the quarter, compared to the consensus estimate of $166.96 million. During the same period in the previous year, the firm posted $1.47 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. On average, research analysts expect that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane’s dividend payout ratio is currently 41.54%.

Insider Activity

In related news, major shareholder River 5 Ltd French sold 150,000 shares of Hamilton Lane stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the sale, the insider owned 330,015 shares of the company’s stock, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 22.21% of the company’s stock.

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new position in Hamilton Lane during the first quarter worth $30,000. Rhumbline Advisers grew its holdings in shares of Hamilton Lane by 4.1% in the 1st quarter. Rhumbline Advisers now owns 127,723 shares of the company’s stock valued at $18,989,000 after acquiring an additional 5,005 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Hamilton Lane by 270.3% in the 1st quarter. UMB Bank n.a. now owns 474 shares of the company’s stock valued at $70,000 after acquiring an additional 346 shares in the last quarter. OLD National Bancorp IN increased its position in shares of Hamilton Lane by 10.3% in the first quarter. OLD National Bancorp IN now owns 1,653 shares of the company’s stock valued at $246,000 after acquiring an additional 155 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Hamilton Lane by 41.9% during the first quarter. Park Avenue Securities LLC now owns 3,687 shares of the company’s stock worth $548,000 after acquiring an additional 1,088 shares in the last quarter. 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.