Hamilton Lane (NASDAQ:HLNE) Reaches New 1-Year High – Here’s What Happened

Hamilton Lane Incorporated (NASDAQ:HLNE)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $169.28 and last traded at $169.28, with a volume of 102100 shares. The stock had previously closed at $168.39.

Analysts Set New Price Targets

HLNE has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Hamilton Lane in a report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 target price on the stock. The Goldman Sachs Group increased their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group increased their target price on shares of Hamilton Lane from $122.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.00.

Hamilton Lane Stock Up 1.4 %

The stock has a market capitalization of $9.23 billion, a P/E ratio of 45.78 and a beta of 1.18. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $149.42 and its two-hundred day moving average price is $129.92.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The firm had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. During the same quarter last year, the company posted $0.94 EPS. As a group, research analysts expect that Hamilton Lane Incorporated will post 4.88 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 16th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s dividend payout ratio (DPR) is presently 53.12%.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently modified their holdings of the stock. Epoch Investment Partners Inc. raised its holdings in Hamilton Lane by 108.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 799,351 shares of the company’s stock worth $90,678,000 after buying an additional 416,103 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 8.3% in the first quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock worth $414,801,000 after purchasing an additional 283,190 shares during the period. Geneva Capital Management LLC bought a new position in shares of Hamilton Lane in the first quarter worth approximately $22,395,000. American Century Companies Inc. lifted its holdings in shares of Hamilton Lane by 30.3% in the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after buying an additional 135,040 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hamilton Lane during the first quarter valued at $11,445,000. 97.40% of the stock is owned by hedge funds and other 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.