Hamilton Lane Inc (NASDAQ:HLNE) Receives $57.67 Average PT from Analysts

Shares of Hamilton Lane Inc (NASDAQ:HLNE) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $64.00.

A number of analysts have weighed in on the stock. Wells Fargo & Co increased their price target on shares of Hamilton Lane from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday. BidaskClub raised shares of Hamilton Lane from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine downgraded shares of Hamilton Lane from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Hamilton Lane from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Friday.

In other news, major shareholder Tara Devlin sold 10,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $55.57, for a total value of $555,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 43.91% of the company’s stock.

Several hedge funds have recently made changes to their positions in HLNE. Invesco Ltd. raised its stake in shares of Hamilton Lane by 776.6% in the 2nd quarter. Invesco Ltd. now owns 768,147 shares of the company’s stock valued at $43,830,000 after buying an additional 680,516 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. raised its stake in shares of Hamilton Lane by 20.7% in the 3rd quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,820,852 shares of the company’s stock valued at $103,716,000 after buying an additional 312,411 shares in the last quarter. Columbus Circle Investors acquired a new position in shares of Hamilton Lane in the 3rd quarter valued at $17,651,000. BlackRock Inc. raised its stake in shares of Hamilton Lane by 24.6% in the 2nd quarter. BlackRock Inc. now owns 1,505,909 shares of the company’s stock valued at $85,926,000 after buying an additional 297,371 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Hamilton Lane by 13.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,762,292 shares of the company’s stock valued at $100,556,000 after buying an additional 203,204 shares in the last quarter. Institutional investors own 50.59% of the company’s stock.

Hamilton Lane stock remained flat at $$67.23 during mid-day trading on Friday. 108,416 shares of the company’s stock were exchanged, compared to its average volume of 93,356. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.39. Hamilton Lane has a 12-month low of $35.08 and a 12-month high of $68.21. The stock’s 50 day simple moving average is $60.17 and its 200 day simple moving average is $58.69. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 44.82, a price-to-earnings-growth ratio of 2.29 and a beta of 0.89.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Hamilton Lane had a net margin of 15.34% and a return on equity of 56.89%. The company had revenue of $64.29 million during the quarter, compared to the consensus estimate of $70.71 million. During the same period last year, the company earned $0.55 earnings per share. Hamilton Lane’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts predict that Hamilton Lane will post 1.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, December 13th. Hamilton Lane’s dividend payout ratio is 57.59%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Analyst Recommendations for Hamilton Lane (NASDAQ:HLNE)

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