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

Hamilton Lane Incorporated (NASDAQ:HLNE) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $173.14.

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on Hamilton Lane from $163.00 to $169.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective for the company. in a report on Monday, January 6th.

Hamilton Lane Stock Performance

Shares of NASDAQ:HLNE opened at $151.83 on Friday. The firm has a fifty day simple moving average of $156.42 and a two-hundred day simple moving average of $163.42. Hamilton Lane has a 52 week low of $103.42 and a 52 week high of $203.72. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $8.42 billion, a P/E ratio of 28.01 and a beta of 1.25.

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

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.49 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.29%. Hamilton Lane’s payout ratio is 36.16%.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC boosted its position in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after acquiring an additional 61 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after purchasing an additional 65 shares during the last quarter. Arizona State Retirement System boosted its position in Hamilton Lane by 0.7% during the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after purchasing an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. grew its stake in Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after purchasing an additional 84 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock worth $2,509,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

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.