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

Shares of Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) have received a consensus rating of "Reduce" from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $164.29.

A number of research analysts recently commented on the stock. Oppenheimer downgraded shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wells Fargo & Company decreased their price target on shares of Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Keefe, Bruyette & Woods decreased their price target on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a research note on Monday, June 2nd. Wall Street Zen cut shares of Hamilton Lane from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th.

Hamilton Lane Price Performance

Shares of HLNE opened at $147.15 on Wednesday. Hamilton Lane has a fifty-two week low of $123.98 and a fifty-two week high of $203.72. The firm's 50 day moving average price is $153.82 and its 200 day moving average price is $150.95. The company has a market cap of $7.88 billion, a P/E ratio of 27.30 and a beta of 1.22. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 0.31.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.01. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The company had revenue of $197.97 million for the quarter, compared to the consensus estimate of $165.49 million. During the same period in the prior year, the firm posted $1.38 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Friday, June 20th were given a dividend of $0.54 per share. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, June 20th. Hamilton Lane's payout ratio is presently 40.07%.

Institutional Trading of Hamilton Lane

Several institutional investors have recently added to or reduced their stakes in HLNE. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Hamilton Lane in the first quarter valued at $432,772,000. Price T Rowe Associates Inc. MD raised its holdings in Hamilton Lane by 229.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after acquiring an additional 900,283 shares in the last quarter. Vanguard Group Inc. raised its holdings in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after acquiring an additional 863,326 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in Hamilton Lane in the first quarter valued at $112,887,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Hamilton Lane by 63.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock valued at $189,555,000 after acquiring an additional 494,637 shares in 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.

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