Shares of Hamilton Lane Incorporated (NASDAQ:HLNE – Get Free Report) have earned an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $92.00.
A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $96.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Oppenheimer raised their target price on Hamilton Lane from $93.00 to $97.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. The Goldman Sachs Group upped their price target on Hamilton Lane from $78.00 to $89.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company raised their price objective on Hamilton Lane from $77.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 2nd. Finally, UBS Group upped their target price on Hamilton Lane from $75.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, July 19th.
Hamilton Lane Trading Up 0.4 %
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The company had revenue of $125.04 million during the quarter, compared to analyst estimates of $115.79 million. Hamilton Lane had a net margin of 22.93% and a return on equity of 33.99%. Sell-side analysts forecast that Hamilton Lane will post 3.88 earnings per share for the current year.
Hamilton Lane Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.91%. Hamilton Lane’s dividend payout ratio (DPR) is currently 61.17%.
Insiders Place Their Bets
In other news, insider Atul Varma sold 459 shares of Hamilton Lane stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.25, for a total transaction of $42,342.75. Following the completion of the sale, the insider now directly owns 8,786 shares in the company, valued at approximately $810,508.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 26.82% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of HLNE. Wellington Management Group LLP increased its position in Hamilton Lane by 13.8% during the first quarter. Wellington Management Group LLP now owns 4,119,730 shares of the company’s stock worth $318,414,000 after buying an additional 498,381 shares during the last quarter. Morgan Stanley increased its holdings in shares of Hamilton Lane by 266.2% during the 4th quarter. Morgan Stanley now owns 663,960 shares of the company’s stock valued at $42,414,000 after acquiring an additional 482,663 shares during the last quarter. Millennium Management LLC raised its stake in shares of Hamilton Lane by 1,742.2% in the 4th quarter. Millennium Management LLC now owns 505,028 shares of the company’s stock valued at $32,261,000 after acquiring an additional 477,614 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Hamilton Lane by 12.9% in the 1st quarter. Wasatch Advisors LP now owns 3,694,858 shares of the company’s stock worth $273,346,000 after purchasing an additional 421,774 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Hamilton Lane by 2,249.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 392,824 shares of the company’s stock worth $31,418,000 after purchasing an additional 376,106 shares during the last quarter. Institutional investors own 67.13% 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.
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