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

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $109.67.

A number of equities research analysts recently weighed in on HLNE shares. Morgan Stanley boosted their price target on shares of Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. UBS Group boosted their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. cut shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price target for the company. in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th.

Hamilton Lane Stock Down 3.2 %

Hamilton Lane stock opened at $110.53 on Monday. The firm has a 50 day moving average price of $112.58 and a 200 day moving average price of $104.39. The company has a market capitalization of $5.97 billion, a PE ratio of 34.01 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.58 and a current ratio of 2.58. Hamilton Lane has a fifty-two week low of $62.86 and a fifty-two week high of $121.90.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.17). The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $130.47 million. Hamilton Lane had a return on equity of 28.77% and a net margin of 25.22%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Research analysts expect that Hamilton Lane will post 3.55 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 15th were paid a dividend of $0.445 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.61%. Hamilton Lane’s dividend payout ratio (DPR) is 54.77%.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares in the company, valued at $51,841,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.82% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. Bank of New York Mellon Corp grew its position in Hamilton Lane by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 187,549 shares of the company’s stock worth $14,494,000 after buying an additional 3,340 shares during the period. American Century Companies Inc. grew its position in shares of Hamilton Lane by 13.8% in the first quarter. American Century Companies Inc. now owns 5,518 shares of the company’s stock valued at $426,000 after purchasing an additional 670 shares during the last quarter. US Bancorp DE grew its position in shares of Hamilton Lane by 373.9% in the first quarter. US Bancorp DE now owns 3,109 shares of the company’s stock valued at $241,000 after purchasing an additional 2,453 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Hamilton Lane by 321.4% in the first quarter. PNC Financial Services Group Inc. now owns 611 shares of the company’s stock valued at $48,000 after purchasing an additional 466 shares during the last quarter. Finally, Natixis Advisors L.P. acquired a new stake in shares of Hamilton Lane in the first quarter valued at approximately $805,000. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.