Hamilton Lane Incorporated (NASDAQ:HLNE) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) have received an average recommendation of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $180.33.

HLNE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Morgan Stanley lifted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd.

Hamilton Lane Stock Performance

Hamilton Lane stock traded down $2.44 during midday trading on Tuesday, reaching $199.13. 106,015 shares of the company traded hands, compared to its average volume of 314,290. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. Hamilton Lane has a 12 month low of $93.98 and a 12 month high of $203.72. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 43.20 and a beta of 1.18. The business has a 50 day moving average of $179.35 and a two-hundred day moving average of $149.26.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its 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 company had revenue of $150.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be issued a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 0.98%. Hamilton Lane's payout ratio is 42.52%.

Institutional Trading of Hamilton Lane

Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings 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. EFG Asset Management North America Corp. grew its position in shares of Hamilton Lane by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company's stock worth $2,125,000 after buying an additional 81 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Hamilton Lane by 0.6% during the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock valued at $2,509,000 after buying an additional 93 shares during the period. CWM LLC raised its holdings 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 acquiring an additional 100 shares in the last quarter. Finally, Islay Capital Management LLC lifted its stake in Hamilton Lane by 2.2% in the third quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock worth $801,000 after acquiring an additional 103 shares during the period. 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.