Hamilton Lane Inc. (NASDAQ:HLNE) Given Consensus Rating of "Reduce" by Brokerages

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 given an average recommendation of "Reduce" by the seven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $163.1429.

A number of equities research analysts have recently weighed in on HLNE shares. Wall Street Zen raised Hamilton Lane from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods boosted their target price on Hamilton Lane from $160.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their target price on 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, Oppenheimer cut Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th.

Hamilton Lane Trading Down 2.4%

Shares of NASDAQ HLNE traded down $3.69 during trading on Thursday, reaching $150.65. The stock had a trading volume of 238,179 shares, compared to its average volume of 341,126. Hamilton Lane has a fifty-two week low of $124.10 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. The business's 50-day moving average price is $152.11 and its 200-day moving average price is $151.03. The company has a market cap of $8.39 billion, a P/E ratio of 28.97 and a beta of 1.26.

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

Hamilton Lane Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its stake in Hamilton Lane by 8.6% during the 2nd quarter. IFP Advisors Inc now owns 1,011 shares of the company's stock worth $144,000 after purchasing an additional 80 shares in the last quarter. CWM LLC lifted its holdings in Hamilton Lane by 18.2% during the 1st quarter. CWM LLC now owns 611 shares of the company's stock worth $91,000 after buying an additional 94 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Hamilton Lane by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company's stock worth $1,734,000 after buying an additional 100 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Hamilton Lane by 1.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company's stock worth $1,198,000 after buying an additional 100 shares during the last quarter. Finally, Vista Finance LLC lifted its holdings in Hamilton Lane by 4.1% during the 2nd quarter. Vista Finance LLC now owns 2,568 shares of the company's stock worth $365,000 after buying an additional 100 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Company Profile

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.