Hamilton Lane Inc. (NASDAQ:HLNE) Stock Has Consensus Target Price of $124.00 According to Brokerages

Key Points

• Analysts maintain a Moderate Buy consensus on Hamilton Lane, with seven buy ratings and three holds among 10 analysts. The average 12-month price target is $124, substantially above the reported share price of $81.32.
• Hamilton Lane’s latest quarterly results exceeded expectations, with EPS of $1.94 versus the $1.53 consensus and revenue of $275.33 million versus estimates of $221.94 million. Revenue increased 56.5% year over year.
• The company pays a quarterly dividend of $0.60, equivalent to $2.40 annually and a 3.0% yield, while institutional investors own approximately 97.4% of outstanding shares.

Shares of Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $124.00.

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Hamilton Lane from $105.00 to $116.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. BMO Capital Markets set a $94.00 price objective on Hamilton Lane in a report on Monday, July 13th. Oppenheimer lowered their target price on Hamilton Lane from $182.00 to $181.00 and set an "outperform" rating for the company in a research note on Thursday, August 27th. Weiss Ratings raised Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company initiated coverage on Hamilton Lane in a report on Friday, October 2nd. They set an "overweight" rating and a $103.00 target price for the company.

Hamilton Lane Stock Down 1.2%

Shares of NASDAQ HLNE opened at $81.32 on Tuesday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 12.40 and a beta of 1.23. Hamilton Lane has a one year low of $71.88 and a one year high of $155.66. The firm's 50 day simple moving average is $92.53 and its two-hundred day simple moving average is $99.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.49 and a quick ratio of 3.49.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.41. The company 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 firm's revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. As a group, analysts expect that Hamilton Lane will post 7.47 EPS for the current fiscal year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, September 21st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, September 21st. Hamilton Lane's payout ratio is 36.59%.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently made changes to their positions in HLNE. Public Employees Retirement System of Ohio raised its stake in Hamilton Lane by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 44,678 shares of the company's stock worth $4,441,000 after purchasing an additional 115 shares during the period. Empowered Funds LLC boosted its holdings in Hamilton Lane by 0.6% in the 1st quarter. Empowered Funds LLC now owns 21,114 shares of the company's stock valued at $2,099,000 after purchasing an additional 122 shares during the last quarter. Gibbs Wealth Management boosted its holdings in Hamilton Lane by 3.0% in the 3rd quarter. Gibbs Wealth Management now owns 4,532 shares of the company's stock valued at $394,000 after purchasing an additional 132 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co grew its stake in shares of Hamilton Lane by 8.6% in the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,150 shares of the company's stock valued at $313,000 after buying an additional 250 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Hamilton Lane by 9.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,995 shares of the company's stock valued at $260,000 after buying an additional 258 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Company Profile

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.

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