Hamilton Lane Inc. (NASDAQ:HLNE) Receives Average Recommendation of “Moderate Buy” from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $168.75.

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday. Morgan Stanley reduced their price target on Hamilton Lane from $169.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. UBS Group boosted their price objective on Hamilton Lane from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Wall Street Zen raised Hamilton Lane from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, January 8th.

Insiders Place Their Bets

In other news, CEO Juan Delgado-Moreira acquired 8,000 shares of the stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $130.35 per share, with a total value of $1,042,800.00. Following the completion of the transaction, the chief executive officer owned 1,314,447 shares of the company’s stock, valued at $171,338,166.45. This represents a 0.61% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.21% of the company’s stock.

Institutional Trading of Hamilton Lane

Several institutional investors have recently bought and sold shares of HLNE. Quarry LP increased its position in Hamilton Lane by 2,557.1% during the third quarter. Quarry LP now owns 186 shares of the company’s stock valued at $25,000 after acquiring an additional 179 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Hamilton Lane during the 3rd quarter valued at about $26,000. Cornerstone Planning Group LLC increased its position in shares of Hamilton Lane by 347.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 197 shares of the company’s stock valued at $27,000 after purchasing an additional 153 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Hamilton Lane by 920.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 204 shares of the company’s stock worth $29,000 after purchasing an additional 184 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Hamilton Lane by 80.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 213 shares of the company’s stock worth $29,000 after purchasing an additional 95 shares during the period. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

Shares of NASDAQ HLNE opened at $149.45 on Friday. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 27.07 and a beta of 1.30. The stock has a fifty day simple moving average of $135.39 and a two-hundred day simple moving average of $139.15. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.25. Hamilton Lane has a 1-year low of $111.98 and a 1-year high of $179.19.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, November 4th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.46. The firm had revenue of $190.88 million for the quarter, compared to the consensus estimate of $171.86 million. Hamilton Lane had a return on equity of 29.43% and a net margin of 31.12%. Analysts anticipate that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Friday, December 19th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $2.16 dividend on an annualized basis and a yield of 1.4%. Hamilton Lane’s dividend payout ratio (DPR) is presently 39.13%.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.