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

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been given an average rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $173.14.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target on the stock. in a report on Monday, January 6th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their target price 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. Finally, Morgan Stanley upped their price target 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.

Hamilton Lane Stock Performance

HLNE stock opened at $156.19 on Friday. The company has a quick ratio of 3.37, a current ratio of 4.19 and a debt-to-equity ratio of 0.34. The firm has a market cap of $8.66 billion, a PE ratio of 28.82 and a beta of 1.25. The business has a 50 day moving average of $155.92 and a 200-day moving average of $163.66. Hamilton Lane has a 12-month low of $103.42 and a 12-month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data 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 firm had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior 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 year.

Hamilton Lane Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, March 14th. Hamilton Lane’s dividend payout ratio (DPR) is presently 36.16%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HLNE. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Hamilton Lane by 27.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock worth $43,000 after buying an additional 61 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Hamilton Lane by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company’s stock worth $705,000 after acquiring an additional 65 shares during the period. Arizona State Retirement System lifted its stake in Hamilton Lane by 0.7% in the 4th quarter. Arizona State Retirement System now owns 11,166 shares of the company’s stock worth $1,653,000 after purchasing an additional 80 shares in the last quarter. Lifestyle Asset Management Inc. boosted its holdings in Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock valued at $224,000 after purchasing an additional 84 shares during the period. Finally, Orion Portfolio Solutions LLC grew its position in shares of Hamilton Lane by 0.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company’s stock valued at $2,509,000 after purchasing an additional 93 shares in the last quarter. 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.