Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $173.14 Average Price Target from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $173.14.

HLNE has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upped 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. The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price objective on the stock. in a research report on Monday, January 6th. Wells Fargo & Company upped their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective on the stock in a research report on Tuesday, January 21st.

Hedge Funds Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its stake in shares of Hamilton Lane by 27.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after purchasing an additional 61 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Hamilton Lane by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after purchasing an additional 65 shares in the last quarter. Arizona State Retirement System boosted its stake in Hamilton Lane by 0.7% in the fourth quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock valued at $1,653,000 after acquiring an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. boosted its stake in Hamilton Lane by 5.9% in the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after acquiring an additional 84 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in Hamilton Lane by 0.6% in the third quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Down 1.1 %

Shares of NASDAQ HLNE opened at $145.94 on Thursday. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 26.93 and a beta of 1.28. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. Hamilton Lane has a 52-week low of $103.42 and a 52-week high of $203.72. The business’s 50 day moving average is $153.73 and its two-hundred day moving average is $165.26.

Hamilton Lane (NASDAQ:HLNE) last announced its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million for 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 firm’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. Research 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 of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.34%. Hamilton Lane’s payout ratio is currently 36.16%.

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.