Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) Target Price at $109.67

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $109.67.

A number of equities analysts have weighed in on the stock. Oppenheimer cut shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 11th. UBS Group increased their price target on shares of Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Morgan Stanley increased their price target on shares of Hamilton Lane from $102.00 to $126.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. cut shares of Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research report on Thursday, April 11th. Finally, Wells Fargo & Company increased their price target on shares of Hamilton Lane from $106.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $108.00, for a total value of $5,940,000.00. Following the transaction, the insider now owns 480,015 shares of the company’s stock, valued at $51,841,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.82% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hamilton Lane

Several large investors have recently made changes to their positions in the company. Park Avenue Securities LLC increased its stake in shares of Hamilton Lane by 12.2% in the first quarter. Park Avenue Securities LLC now owns 2,733 shares of the company’s stock valued at $308,000 after purchasing an additional 298 shares during the period. Vanguard Group Inc. increased its stake in shares of Hamilton Lane by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock valued at $385,177,000 after acquiring an additional 210,155 shares during the period. Virtu Financial LLC acquired a new position in shares of Hamilton Lane during the fourth quarter valued at approximately $703,000. Price T Rowe Associates Inc. MD increased its stake in shares of Hamilton Lane by 1,686.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 343,354 shares of the company’s stock valued at $38,951,000 after acquiring an additional 324,136 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Hamilton Lane by 5.0% during the fourth quarter. Legal & General Group Plc now owns 35,322 shares of the company’s stock valued at $4,007,000 after acquiring an additional 1,684 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Down 0.1 %

Shares of NASDAQ HLNE opened at $110.24 on Monday. Hamilton Lane has a 12-month low of $62.86 and a 12-month high of $121.90. The company has a market cap of $5.95 billion, a P/E ratio of 33.92 and a beta of 1.18. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $112.29 and a 200 day moving average price of $104.71.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.17). The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $130.47 million. Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. Research analysts anticipate that Hamilton Lane will post 3.55 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.445 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. Hamilton Lane’s dividend payout ratio is currently 54.77%.

Hamilton Lane Company Profile

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.