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

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have covered the stock in the last year is $176.33.

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price target on Hamilton Lane from $189.00 to $194.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods reduced their price objective on Hamilton Lane from $215.00 to $167.00 and set a "market perform" rating on the stock in a research note on Friday. Finally, UBS Group boosted their target price 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.

Institutional Investors Weigh In On Hamilton Lane

A number of hedge funds have recently added to or reduced their stakes in HLNE. Quarry LP increased its holdings in shares of Hamilton Lane by 316.2% in the 2nd quarter. Quarry LP now owns 308 shares of the company's stock worth $38,000 after acquiring an additional 234 shares during the period. Signaturefd LLC increased its stake in shares of Hamilton Lane by 13.1% in the second quarter. Signaturefd LLC now owns 629 shares of the company's stock valued at $78,000 after purchasing an additional 73 shares during the period. CWM LLC increased its stake in shares of Hamilton Lane by 24.7% in the third quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after purchasing an additional 100 shares during the period. Fifth Third Bancorp raised its holdings in shares of Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company's stock valued at $86,000 after buying an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Hamilton Lane by 32.4% during the third quarter. GAMMA Investing LLC now owns 637 shares of the company's stock worth $107,000 after buying an additional 156 shares during the period. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Down 0.5 %

Shares of Hamilton Lane stock traded down $0.72 on Friday, hitting $150.68. 1,662,621 shares of the company's stock traded hands, compared to its average volume of 334,371. 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 3.37 and a debt-to-equity ratio of 0.24. The stock has a market cap of $8.35 billion, a P/E ratio of 32.69 and a beta of 1.19. The firm's 50-day moving average is $182.95 and its 200 day moving average is $156.28.

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

Hamilton Lane Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane's dividend payout ratio is presently 42.52%.

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.