Hamilton Lane Inc. (NASDAQ:HLNE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Hamilton Lane Inc. (NASDAQ:HLNE) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $169.00.

HLNE has been the topic of a number of research analyst reports. Zacks Research raised Hamilton Lane from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Oppenheimer raised their price objective on Hamilton Lane from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Hamilton Lane from $164.00 to $166.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. UBS Group reduced their target price on shares of Hamilton Lane from $184.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hamilton Lane from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds and other institutional investors have recently made changes to their positions in HLNE. Royal Bank of Canada boosted its stake in Hamilton Lane by 6.0% during the first quarter. Royal Bank of Canada now owns 52,466 shares of the company’s stock worth $7,800,000 after buying an additional 2,948 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Hamilton Lane by 4,806.7% during the 1st quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company’s stock worth $759,000 after acquiring an additional 4,999 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Hamilton Lane by 196.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the company’s stock worth $57,000 after acquiring an additional 254 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Hamilton Lane by 116.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,144 shares of the company’s stock valued at $589,000 after acquiring an additional 2,232 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Hamilton Lane by 1.3% in the second quarter. New York State Teachers Retirement System now owns 7,980 shares of the company’s stock valued at $1,134,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Stock Up 4.4%

HLNE stock opened at $106.23 on Thursday. Hamilton Lane has a 52 week low of $98.00 and a 52 week high of $179.19. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.21. The firm has a 50-day simple moving average of $136.49 and a 200-day simple moving average of $135.07. The stock has a market capitalization of $5.93 billion, a P/E ratio of 19.07 and a beta of 1.30.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.27. Hamilton Lane had a net margin of 30.59% and a return on equity of 27.82%. The firm had revenue of $198.59 million for the quarter, compared to analyst estimates of $195.36 million. During the same period last year, the company posted $1.25 EPS. Hamilton Lane’s quarterly revenue was up 18.0% compared to the same quarter last year. Equities analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 20th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, March 20th. Hamilton Lane’s payout ratio is currently 38.78%.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.