Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Rating of “Hold” from Analysts

Hamilton Lane Incorporated (NASDAQ:HLNE) has been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is $109.67.

Several analysts have recently commented on HLNE shares. Oppenheimer downgraded shares of Hamilton Lane from an “outperform” rating to a “market perform” rating in a report on Thursday, January 11th. Morgan Stanley lifted their price objective on Hamilton Lane from $102.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. UBS Group upped their target price on Hamilton Lane from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Wells Fargo & Company lifted their price target on Hamilton Lane from $106.00 to $111.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. lowered Hamilton Lane from an “overweight” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research report on Thursday, April 11th.

Insider Activity

In other Hamilton Lane news, major shareholder Oakville Number 2 Trust sold 55,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $108.00, for a total transaction of $5,940,000.00. Following the transaction, the insider now directly owns 480,015 shares of the company’s stock, valued at $51,841,620. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 26.82% of the company’s stock.

Institutional Trading of Hamilton Lane

Several large investors have recently made changes to their positions in HLNE. AlphaMark Advisors LLC purchased a new stake in shares of Hamilton Lane during the first quarter worth $303,000. Park Avenue Securities LLC boosted its position in Hamilton Lane by 12.2% during the first quarter. Park Avenue Securities LLC now owns 2,733 shares of the company’s stock worth $308,000 after acquiring an additional 298 shares during the last quarter. Vanguard Group Inc. grew its stake in Hamilton Lane by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock valued at $385,177,000 after acquiring an additional 210,155 shares in the last quarter. Virtu Financial LLC purchased a new stake in Hamilton Lane during the 4th quarter valued at about $703,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Hamilton Lane by 1,686.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 343,354 shares of the company’s stock valued at $38,951,000 after acquiring an additional 324,136 shares during the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Trading Up 0.4 %

NASDAQ:HLNE opened at $110.08 on Monday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $112.10 and a 200-day simple moving average of $104.89. Hamilton Lane has a 12 month low of $62.86 and a 12 month high of $121.90. The company has a market capitalization of $5.94 billion, a P/E ratio of 33.87 and a beta of 1.18.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.17). Hamilton Lane had a net margin of 25.22% and a return on equity of 28.77%. The firm had revenue of $125.26 million for the quarter, compared to analysts’ expectations of $130.47 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Hamilton Lane will post 3.55 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a dividend of $0.445 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. Hamilton Lane’s dividend payout ratio is currently 54.77%.

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.