Hamilton Lane (NASDAQ:HLNE) Now Covered by BMO Capital Markets

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

Several other analysts also recently issued reports on HLNE. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Wells Fargo & Company lifted their price target on Hamilton Lane from $161.00 to $162.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. dropped their price target on Hamilton Lane from $153.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on Hamilton Lane from $160.00 to $168.00 and gave the company a “market perform” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.38.

Hamilton Lane Stock Performance

HLNE stock opened at $127.60 on Friday. The business’s 50-day moving average price is $149.42 and its two-hundred day moving average price is $150.10. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.10 billion, a PE ratio of 24.54 and a beta of 1.20. Hamilton Lane has a 1-year low of $124.10 and a 1-year high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.33. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The firm had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. During the same quarter last year, the business posted $1.47 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

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

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the transaction, the insider owned 330,015 shares of the company’s stock, valued at $48,350,497.65. The trade was a 31.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its position in Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company’s stock worth $144,000 after buying an additional 80 shares during the last quarter. CWM LLC increased its position in Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company’s stock worth $91,000 after buying an additional 94 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Hamilton Lane by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $1,734,000 after buying an additional 100 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in Hamilton Lane by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company’s stock worth $1,198,000 after buying an additional 100 shares during the last quarter. Finally, Vista Finance LLC increased its position in Hamilton Lane by 4.1% during the second quarter. Vista Finance LLC now owns 2,568 shares of the company’s stock worth $365,000 after buying an additional 100 shares during 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.