Hamilton Lane Inc. (NASDAQ:HLNE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Hamilton Lane Inc. (NASDAQ:HLNE) has been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $169.00.

A number of research analysts recently weighed in on HLNE shares. Morgan Stanley set a $159.00 target price on shares of Hamilton Lane in a research report on Tuesday, January 27th. Oppenheimer increased 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. Weiss Ratings restated a “hold (c+)” rating on shares of Hamilton Lane in a report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $161.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their target price on Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th.

Hamilton Lane Trading Up 2.8%

NASDAQ:HLNE opened at $96.85 on Monday. The company has a market cap of $5.40 billion, a P/E ratio of 17.39 and a beta of 1.32. Hamilton Lane has a twelve month low of $92.77 and a twelve month high of $179.19. The business has a 50 day moving average price of $128.72 and a two-hundred day moving average price of $130.66. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21.

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

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, March 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.2%. Hamilton Lane’s dividend payout ratio is currently 38.78%.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently made changes to their positions in HLNE. Pacer Advisors Inc. raised its position in Hamilton Lane by 12.5% during the fourth quarter. Pacer Advisors Inc. now owns 5,995 shares of the company’s stock worth $805,000 after acquiring an additional 665 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Hamilton Lane in the fourth quarter valued at $279,000. Fuller & Thaler Asset Management Inc. grew its position in shares of Hamilton Lane by 39.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 60,401 shares of the company’s stock valued at $8,113,000 after acquiring an additional 17,002 shares during the period. Empowered Funds LLC grew its position in shares of Hamilton Lane by 2.8% in the 4th quarter. Empowered Funds LLC now owns 20,992 shares of the company’s stock valued at $2,819,000 after acquiring an additional 571 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Hamilton Lane by 827.2% during the 4th quarter. XTX Topco Ltd now owns 17,126 shares of the company’s stock worth $2,300,000 after purchasing an additional 15,279 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

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.