Hamilton Lane Inc. (NASDAQ:HLNE) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Seven of ten analysts rate Hamilton Lane a buy, one a strong buy and two a hold, with an average 12-month price target of $128.
• Quarterly results exceeded expectations: Hamilton Lane reported $1.94 in earnings per share versus the $1.53 consensus estimate, while revenue rose 56.5% year over year to $275.33 million.
• The company declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 2.7% yield; institutional investors own approximately 97.4% of outstanding shares.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $128.00.

Several equities analysts have commented on the stock. Zacks Research upgraded shares of Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 31st. Wells Fargo & Company initiated coverage on Hamilton Lane in a report on Thursday. They issued an "overweight" rating and a $103.00 target price for the company. BMO Capital Markets set a $94.00 price objective on shares of Hamilton Lane in a research report on Monday, July 13th. Finally, Morgan Stanley cut their price target on shares of Hamilton Lane from $141.00 to $123.00 and set an "equal weight" rating for the company in a report on Tuesday, July 21st.

Hamilton Lane Stock Up 2.0%

Shares of NASDAQ HLNE opened at $88.57 on Friday. Hamilton Lane has a 1 year low of $71.88 and a 1 year high of $155.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49. The company has a market capitalization of $4.92 billion, a P/E ratio of 13.50 and a beta of 1.23. The company has a 50 day simple moving average of $96.82 and a 200-day simple moving average of $91.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.41. The business had revenue of $275.33 million during the quarter, compared to analysts' expectations of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The business's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the business earned $1.47 earnings per share. On average, equities research analysts predict that Hamilton Lane will post 7.25 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. Hamilton Lane's payout ratio is currently 36.59%.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors and hedge funds have recently made changes to their positions in the business. AXQ Capital LP acquired a new stake in Hamilton Lane during the 2nd quarter valued at $3,575,000. Sei Investments Co. grew its holdings in Hamilton Lane by 37.4% in the first quarter. Sei Investments Co. now owns 406,425 shares of the company's stock valued at $40,399,000 after purchasing an additional 110,617 shares during the period. GW&K Investment Management LLC purchased a new stake in Hamilton Lane during the fourth quarter valued at about $33,534,000. Squarepoint Ops LLC acquired a new stake in Hamilton Lane during the 2nd quarter worth approximately $24,063,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Hamilton Lane in the second quarter worth $1,269,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Company Profile

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, financial intermediaries and private wealth clients seeking exposure to alternative investments.

Its offerings include customized separate accounts, commingled funds, evergreen funds, secondary investments, direct and co-investments, and other private-market strategies. Hamilton Lane also provides portfolio management, investment research, due diligence, monitoring, reporting and data-driven technology designed to help clients evaluate and manage private-market portfolios.

Founded in 1991, Hamilton Lane serves clients across North America, Europe, Asia-Pacific and other international markets through a global network of offices.

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