Hamilton Lane Inc. (NASDAQ:HLNE) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts have assigned Hamilton Lane Inc. (NASDAQ:HLNE) an average rating of "Reduce", with one sell rating and six hold ratings among seven firms covering the stock.
• Despite recent downgrades, Hamilton Lane's quarterly earnings report exceeded expectations, with a reported $1.31 EPS against an estimate of $0.98, and a revenue of $196.73 million, up 11.8% year-over-year.
• The company declared a quarterly dividend of $0.54 per share, representing a 1.4% yield, with payment scheduled for October 6th to shareholders of record as of September 19th.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has been assigned an average rating of "Reduce" from the seven ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $163.1429.

A number of brokerages have recently commented on HLNE. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. cut their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research note on Wednesday, August 6th.

Hedge Funds Weigh In On Hamilton Lane

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Hamilton Lane by 65.8% during the 1st quarter. GAMMA Investing LLC now owns 920 shares of the company's stock valued at $137,000 after buying an additional 365 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Hamilton Lane during the first quarter valued at approximately $225,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Hamilton Lane by 12.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,773 shares of the company's stock valued at $1,437,000 after acquiring an additional 1,084 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Hamilton Lane by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,414 shares of the company's stock valued at $508,000 after purchasing an additional 212 shares during the period. Finally, New York State Teachers Retirement System grew its stake in shares of Hamilton Lane by 11.3% during the 1st quarter. New York State Teachers Retirement System now owns 7,880 shares of the company's stock valued at $1,172,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock opened at $154.52 on Thursday. Hamilton Lane has a 12-month low of $124.10 and a 12-month high of $203.72. The firm has a market cap of $8.60 billion, a PE ratio of 29.72 and a beta of 1.23. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. The company's fifty day simple moving average is $150.93 and its two-hundred day simple moving average is $151.16.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.33. The business had revenue of $196.73 million during the quarter, compared to analysts' expectations of $166.96 million. Hamilton Lane had a return on equity of 29.47% and a net margin of 30.66%.The business's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. As a group, equities analysts expect that Hamilton Lane will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 19th. Hamilton Lane's dividend payout ratio is presently 41.54%.

About Hamilton Lane

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.

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