Hamilton Lane Incorporated (NASDAQ:HLNE) Receives $176.33 Average Price Target from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have received an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $176.33.

Several research firms have recently commented on HLNE. Wells Fargo & Company increased their price objective on Hamilton Lane from $189.00 to $194.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on shares of 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. lifted their price target on Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods dropped their price objective on Hamilton Lane from $215.00 to $167.00 and set a “market perform” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley lifted their target price on Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HLNE. FMR LLC boosted its holdings in shares of Hamilton Lane by 239.9% during the 3rd quarter. FMR LLC now owns 5,557 shares of the company’s stock valued at $936,000 after acquiring an additional 3,922 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Hamilton Lane by 13.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 45,956 shares of the company’s stock valued at $5,679,000 after purchasing an additional 5,412 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Hamilton Lane during the third quarter valued at about $819,000. Retirement Systems of Alabama bought a new stake in shares of Hamilton Lane during the third quarter worth about $8,291,000. Finally, Royce & Associates LP acquired a new position in shares of Hamilton Lane in the third quarter valued at approximately $538,000. Institutional investors own 97.40% of the company’s stock.

Hamilton Lane Price Performance

Shares of HLNE opened at $150.58 on Friday. The stock has a 50 day simple moving average of $181.34 and a 200 day simple moving average of $157.15. Hamilton Lane has a 52-week low of $103.42 and a 52-week high of $203.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market capitalization of $8.35 billion, a PE ratio of 32.66 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts predict that Hamilton Lane will post 4.87 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 16th. Hamilton Lane’s payout ratio is presently 42.52%.

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.