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

Hamilton Lane Inc. (NASDAQ:HLNE) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $173.25.

HLNE has been the topic of a number of recent analyst reports. UBS Group raised their target price on Hamilton Lane from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Oppenheimer lifted their price objective on shares of Hamilton Lane from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $164.00 to $166.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. The Goldman Sachs Group upgraded shares of Hamilton Lane from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, November 6th. Finally, Morgan Stanley set a $159.00 price target on shares of Hamilton Lane in a report on Tuesday, January 27th.

Institutional Trading of Hamilton Lane

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of Hamilton Lane by 6.0% in the 1st quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock valued at $7,800,000 after acquiring an additional 2,948 shares during the period. Jones Financial Companies Lllp lifted its stake in Hamilton Lane by 4,806.7% in the 1st quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock valued at $759,000 after purchasing an additional 4,999 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Hamilton Lane by 196.9% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after purchasing an additional 254 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Hamilton Lane by 116.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock worth $589,000 after buying an additional 2,232 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in Hamilton Lane by 1.3% in the second quarter. New York State Teachers Retirement System now owns 7,980 shares of the company’s stock valued at $1,134,000 after buying an additional 100 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Price Performance

NASDAQ:HLNE opened at $123.19 on Thursday. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.87 billion, a PE ratio of 22.12 and a beta of 1.30. Hamilton Lane has a 12 month low of $111.98 and a 12 month high of $179.19. The company’s 50-day moving average price is $139.03 and its two-hundred day moving average price is $136.77.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. The company had revenue of $198.59 million during the quarter, compared to analyst estimates of $195.36 million. Hamilton Lane had a return on equity of 27.82% and a net margin of 30.59%.The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. On average, equities analysts anticipate that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 20th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, March 20th. Hamilton Lane’s dividend payout ratio is presently 38.78%.

Hamilton Lane Company Profile

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.