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

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has received a consensus recommendation of "Reduce" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $164.43.

Several analysts have commented on the company. Morgan Stanley reduced their price objective on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Wells Fargo & Company upped their price objective on Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on 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.

Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $1.85 during trading hours on Wednesday, reaching $151.38. The stock had a trading volume of 458,339 shares, compared to its average volume of 514,494. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 28.09 and a beta of 1.22. The company has a current ratio of 4.83, a quick ratio of 4.83 and a debt-to-equity ratio of 0.31. Hamilton Lane has a fifty-two week low of $123.98 and a fifty-two week high of $203.72. The firm has a 50-day moving average of $153.48 and a 200-day moving average of $150.97.

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

Hamilton Lane Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were paid a $0.54 dividend. This is an increase from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, June 20th. Hamilton Lane's dividend payout ratio (DPR) is presently 40.07%.

Hedge Funds Weigh In On Hamilton Lane

Several hedge funds have recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB increased its stake in Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock valued at $26,000 after purchasing an additional 126 shares in the last quarter. WPG Advisers LLC acquired a new stake in Hamilton Lane during the 1st quarter valued at $26,000. Versant Capital Management Inc acquired a new stake in Hamilton Lane during the 1st quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Hamilton Lane during the 1st quarter valued at $33,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock valued at $43,000 after buying an additional 61 shares during the last quarter. 97.40% of the stock is owned by hedge funds and other institutional investors.

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.