Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Average Recommendation of “Hold” from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $170.71.

A number of brokerages have recently weighed in on HLNE. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 5th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price objective on Hamilton Lane from $169.00 to $152.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 20th. 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.

Hedge Funds Weigh In On Hamilton Lane

Several large investors have recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC increased its stake in shares of Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after acquiring an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Hamilton Lane by 283.3% in the fourth quarter. Farther Finance Advisors LLC now owns 299 shares of the company’s stock valued at $44,000 after purchasing an additional 221 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Hamilton Lane during the fourth quarter worth approximately $65,000. Icon Wealth Advisors LLC purchased a new position in Hamilton Lane during the third quarter worth approximately $111,000. Finally, R Squared Ltd acquired a new position in shares of Hamilton Lane in the 4th quarter valued at $213,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Trading Down 2.5 %

Shares of HLNE stock opened at $147.08 on Monday. The stock has a market cap of $8.15 billion, a P/E ratio of 27.14 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 fifty-two week low of $108.34 and a fifty-two week high of $203.72. The business has a fifty day simple moving average of $153.94 and a 200-day simple moving average of $165.09.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period last year, the firm posted $0.71 EPS. On average, analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend 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.