Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Average Recommendation of "Hold" from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) has earned an average recommendation of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $173.14.

Several brokerages recently commented on HLNE. 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 note on Tuesday, October 22nd. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price target for the company. in a research report on Monday, January 6th. Morgan Stanley increased their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Monday, November 11th. 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 report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their target price on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds have recently added to or reduced their stakes in the company. Bryce Point Capital LLC purchased a new position in shares of Hamilton Lane during the 4th quarter valued at about $441,000. Headlands Technologies LLC bought a new position in Hamilton Lane during the fourth quarter valued at approximately $767,000. Geode Capital Management LLC grew its position in Hamilton Lane by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock valued at $170,280,000 after acquiring an additional 44,865 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Hamilton Lane by 25.5% during the fourth quarter. Franklin Resources Inc. now owns 232,025 shares of the company's stock worth $34,351,000 after acquiring an additional 47,189 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Hamilton Lane by 11.1% in the 4th quarter. Alliancebernstein L.P. now owns 113,870 shares of the company's stock worth $16,858,000 after acquiring an additional 11,349 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $2.72 during mid-day trading on Friday, hitting $153.87. The company had a trading volume of 656,641 shares, compared to its average volume of 490,137. The company has a current ratio of 4.19, a quick ratio of 3.37 and a debt-to-equity ratio of 0.34. Hamilton Lane has a 1 year low of $103.42 and a 1 year high of $203.72. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 28.39 and a beta of 1.25. The stock's 50-day moving average price is $157.83 and its 200-day moving average price is $163.57.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last issued its 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. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. During the same quarter last year, the company earned $0.71 EPS. The firm's revenue was up 34.3% compared to the same quarter last year. On average, sell-side analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.27%. Hamilton Lane's payout ratio is 36.16%.

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.