Hamilton Lane Incorporated (NASDAQ:HLNE) Given Consensus Rating of “Hold” by Brokerages

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $176.33.

Several brokerages recently issued reports on HLNE. Wells Fargo & Company upped their target price on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods reduced their target price on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating for the company in a research note on Friday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLNE. State Street Corp grew its position in Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the period. Wellington Management Group LLP grew its holdings in Hamilton Lane by 31.1% during the third quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock worth $293,509,000 after acquiring an additional 413,015 shares during the period. American Century Companies Inc. grew its holdings in Hamilton Lane by 30.3% during the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after acquiring an additional 135,040 shares during the period. Barclays PLC raised its position in Hamilton Lane by 84.5% during the third quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after acquiring an additional 112,866 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after acquiring an additional 97,924 shares during the period. 97.40% of the stock is currently owned by institutional investors and hedge funds.

Hamilton Lane Stock Performance

HLNE stock opened at $150.68 on Friday. Hamilton Lane has a one year low of $103.42 and a one year high of $203.72. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 32.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a 50-day simple moving average of $183.43 and a two-hundred day simple moving average of $156.09.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. The firm 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%. Hamilton Lane’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. On average, equities analysts forecast that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.30%. Hamilton Lane’s payout ratio is currently 42.52%.

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.