Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Average Rating of “Hold” from Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $170.71.

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

Hamilton Lane Stock Down 3.7 %

Shares of HLNE stock opened at $135.66 on Monday. Hamilton Lane has a twelve month low of $108.34 and a twelve month high of $203.72. The stock has a market cap of $7.52 billion, a P/E ratio of 25.03 and a beta of 1.28. The stock has a 50 day moving average of $152.82 and a 200 day moving average of $164.81. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

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. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $158.86 million. During the same period in the previous year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 34.3% on a year-over-year basis. As a group, sell-side analysts expect 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 was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.44%. Hamilton Lane’s payout ratio is currently 36.16%.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently made changes to their positions in HLNE. CBIZ Investment Advisory Services LLC raised its stake in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company’s stock valued at $43,000 after purchasing an additional 61 shares during the last quarter. State of Alaska Department of Revenue grew its holdings 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 buying an additional 65 shares in the last quarter. Arizona State Retirement System raised its position in shares of 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 buying an additional 80 shares during the last quarter. Lifestyle Asset Management Inc. boosted its position in Hamilton Lane by 5.9% during the fourth quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company’s stock worth $224,000 after acquiring an additional 84 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in 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 acquiring an additional 93 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

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.