Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $170.71 Consensus Price Target from Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $170.71.

Several brokerages have recently issued reports on HLNE. Keefe, Bruyette & Woods boosted their price objective on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Oppenheimer raised Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group downgraded shares of Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a report on Monday, January 6th.

Hamilton Lane Stock Performance

NASDAQ HLNE traded down $14.59 during trading hours on Monday, hitting $140.89. The company had a trading volume of 656,873 shares, compared to its average volume of 397,475. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a market cap of $7.81 billion, a P/E ratio of 25.99 and a beta of 1.28. Hamilton Lane has a fifty-two week low of $108.34 and a fifty-two week high of $203.72. The business has a fifty day simple moving average of $153.33 and a 200-day simple moving average of $164.84.

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Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $168.26 million for the quarter, compared to analysts' expectations of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company's revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. Equities analysts predict that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.39%. Hamilton Lane's dividend payout ratio is currently 36.16%.

Institutional Investors Weigh In On Hamilton Lane

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in shares of Hamilton Lane in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB grew its position in Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after buying an additional 126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 bought a new position in shares of Hamilton Lane in the fourth quarter valued at $13,491,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Hamilton Lane during the 4th quarter valued at $1,167,000. 97.40% of the stock is currently owned by institutional investors.

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.