Hamilton Lane Incorporated (NASDAQ:HLNE) Given Average Recommendation of "Hold" by Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $176.33.

A number of research analysts have commented on HLNE shares. Morgan Stanley upped their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods decreased their price target on shares of Hamilton Lane from $215.00 to $167.00 and set a "market perform" rating on the stock in a research note on Friday. The Goldman Sachs Group raised their price target on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. UBS Group increased their target price on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Hamilton Lane from $189.00 to $194.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP grew its position in 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 during the last quarter. Signaturefd LLC grew its holdings in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company's stock valued at $78,000 after purchasing an additional 73 shares during the last quarter. CWM LLC increased its position in Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock worth $85,000 after purchasing an additional 100 shares in the last quarter. Fifth Third Bancorp lifted its stake in Hamilton Lane by 106.5% in the 2nd quarter. Fifth Third Bancorp now owns 694 shares of the company's stock valued at $86,000 after purchasing an additional 358 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Hamilton Lane by 32.4% in 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 last quarter. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $0.72 during mid-day trading on Friday, reaching $150.68. 1,662,621 shares of the company were exchanged, compared to its average volume of 334,371. The stock has a market capitalization of $8.35 billion, a P/E ratio of 32.69 and a beta of 1.19. 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's 50-day simple moving average is $182.95 and its 200-day simple moving average is $156.28. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72.

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

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. Hamilton Lane's dividend payout ratio is 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.