Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $173.14.

Several research analysts recently weighed in on the company. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their target price on 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 boosted their target price on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded 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. Finally, Morgan Stanley boosted their price target on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th.

Hamilton Lane Stock Down 1.1 %

Shares of HLNE traded down $1.65 during trading hours on Thursday, hitting $145.94. The company had a trading volume of 718,095 shares, compared to its average volume of 510,304. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The company's fifty day moving average price is $153.73 and its two-hundred day moving average price is $165.26. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $8.09 billion, a PE ratio of 26.93 and a beta of 1.28.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its earnings results 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. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. During the same period in the previous year, the business earned $0.71 EPS. The firm's revenue for the quarter was up 34.3% on a year-over-year basis. As a group, equities analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.34%. Hamilton Lane's payout ratio is 36.16%.

Institutional Trading of Hamilton Lane

A number of hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Hamilton Lane by 6.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,978 shares of the company's stock worth $14,654,000 after buying an additional 6,223 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Hamilton Lane in the 4th quarter worth about $13,491,000. Squarepoint Ops LLC acquired a new position in Hamilton Lane in the 4th quarter worth about $1,167,000. Twinbeech Capital LP acquired a new position in Hamilton Lane in the 4th quarter worth about $10,766,000. Finally, Tidal Investments LLC raised its holdings in Hamilton Lane by 10.8% in the 4th quarter. Tidal Investments LLC now owns 6,275 shares of the company's stock worth $929,000 after purchasing an additional 612 shares during the period. Hedge funds and other 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.