Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $168.33 Consensus Price Target from Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) has earned a consensus rating of "Reduce" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $168.33.

HLNE has been the subject of a number of recent research reports. The Goldman Sachs Group lowered shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th. UBS Group raised their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Morgan Stanley increased their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of Hamilton Lane from $194.00 to $163.00 and set an "equal weight" rating for the company in a report on Tuesday.

Hamilton Lane Stock Performance

Shares of HLNE traded up $3.47 during mid-day trading on Wednesday, hitting $144.61. The stock had a trading volume of 272,185 shares, compared to its average volume of 385,040. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.02 billion, a PE ratio of 31.37 and a beta of 1.24. The company's fifty day simple moving average is $172.17 and its two-hundred day simple moving average is $160.20.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm's revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. On average, equities analysts expect that Hamilton Lane will post 4.87 earnings per share for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, December 16th. Hamilton Lane's payout ratio is currently 42.52%.

Hedge Funds Weigh In On Hamilton Lane

Several large investors have recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares in the last quarter. CWM LLC boosted its stake in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Hamilton Lane by 32.4% during the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company's stock valued at $107,000 after purchasing an additional 156 shares during the period. Icon Wealth Advisors LLC acquired a new position in Hamilton Lane during the third quarter worth about $111,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $127,000. Institutional investors and hedge funds 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.