Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $168.33 Consensus Target Price from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has earned an average recommendation of “Reduce” from the six brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $168.33.

Several research firms recently commented on HLNE. UBS Group upped their target price 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. JPMorgan Chase & Co. increased their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lowered 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. Wells Fargo & Company cut their price target on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley lifted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th.

Hamilton Lane Trading Up 0.4 %

Shares of NASDAQ:HLNE opened at $150.26 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 stock’s 50-day moving average is $169.53 and its 200-day moving average is $160.68. The company has a market cap of $8.33 billion, a P/E ratio of 32.59 and a beta of 1.24. Hamilton Lane has a 52-week low of $103.42 and a 52-week 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 return on equity of 35.59% and a net margin of 28.03%. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. During the same quarter last year, the firm posted $0.89 EPS. The company’s revenue was up 18.2% on a year-over-year basis. Equities research analysts predict that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders 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 dividend yield of 1.30%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Institutional Investors Weigh In On Hamilton Lane

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

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.