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

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $165.29.

HLNE has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research note on Tuesday, January 21st. Morgan Stanley dropped their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective for the company. in a research report on Monday, January 6th.

Hamilton Lane Stock Up 0.2 %

Shares of NASDAQ:HLNE traded up $0.33 during trading on Friday, reaching $148.34. 367,167 shares of the stock traded hands, compared to its average volume of 428,190. The stock has a market cap of $8.22 billion, a P/E ratio of 27.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a 50-day moving average of $145.61 and a two-hundred day moving average of $161.28. Hamilton Lane has a 52-week low of $110.90 and a 52-week high of $203.72.

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

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.32%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Hedge Funds Weigh In On Hamilton Lane

Several large investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama bought a new position in Hamilton Lane in the 3rd quarter worth $8,291,000. Franklin Resources Inc. lifted its position in shares of Hamilton Lane by 9.2% in the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock valued at $32,746,000 after acquiring an additional 15,554 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Hamilton Lane in the fourth quarter worth about $30,350,000. Principal Financial Group Inc. grew its position in shares of Hamilton Lane by 20.2% during the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock worth $98,297,000 after purchasing an additional 97,924 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Hamilton Lane during the 3rd quarter valued at approximately $2,397,000. Hedge funds and other institutional investors own 97.40% of the company's stock.

About Hamilton Lane

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.