Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $173.14.

Several research analysts have commented on HLNE shares. The Goldman Sachs Group downgraded shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a research note on Monday, January 6th. Oppenheimer raised shares of Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods raised their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a report on Wednesday, February 5th. Finally, Morgan Stanley raised their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th.

Hamilton Lane Stock Up 4.1 %

Shares of NASDAQ HLNE opened at $153.03 on Thursday. The stock has a market capitalization of $8.48 billion, a P/E ratio of 28.23 and a beta of 1.25. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The firm’s 50 day simple moving average is $153.93 and its two-hundred day simple moving average is $165.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The business’s revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. As a group, analysts expect that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio is 36.16%.

Institutional Trading of Hamilton Lane

Several large investors have recently added to or reduced their stakes in HLNE. Price T Rowe Associates Inc. MD boosted its holdings in Hamilton Lane by 229.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company’s stock valued at $191,321,000 after acquiring an additional 900,283 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company’s stock valued at $577,681,000 after acquiring an additional 863,326 shares in the last quarter. State Street Corp boosted its holdings in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Norges Bank bought a new stake in Hamilton Lane in the fourth quarter valued at $68,909,000. Finally, Wellington Management Group LLP boosted its holdings in Hamilton Lane by 31.1% in the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after acquiring an additional 413,015 shares in the last quarter. Institutional investors 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.