Hamilton Lane (NASDAQ:HLNE) Hits New 52-Week High – Should You Buy?

Hamilton Lane Incorporated (NASDAQ:HLNE) shares reached a new 52-week high on Wednesday . The company traded as high as $192.97 and last traded at $192.97, with a volume of 1638 shares trading hands. The stock had previously closed at $180.24.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLNE. UBS Group increased their price target on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their target price on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price target on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley boosted their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $160.50.

Hamilton Lane Stock Performance

The firm has a market capitalization of $10.37 billion, a PE ratio of 41.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The business has a 50-day simple moving average of $166.76 and a 200-day simple moving average of $141.31.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The company had revenue of $196.73 million for the quarter, compared to analysts’ expectations of $149.84 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Equities research analysts expect that Hamilton Lane Incorporated will post 4.9 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, September 16th. Hamilton Lane’s payout ratio is 45.06%.

Hedge Funds Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd boosted its holdings in shares of Hamilton Lane by 14,900.0% during the 1st quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 298 shares during the last quarter. Quarry LP raised its holdings in Hamilton Lane by 316.2% in the second quarter. Quarry LP now owns 308 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares in the last quarter. CWM LLC lifted its stake in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC increased its position in shares of Hamilton Lane by 13.1% during the second quarter. Signaturefd LLC now owns 629 shares of the company’s stock worth $78,000 after purchasing an additional 73 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Hamilton Lane by 32.4% in the 3rd quarter. GAMMA Investing LLC now owns 637 shares of the company’s stock valued at $107,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.

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.