Hamilton Lane Inc. (NASDAQ:HLNE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Hamilton Lane Inc. has received an average rating of "Moderate Buy" from ten brokerages, with an average one-year price target of $161.50.
• Major shareholder River 5 Ltd French sold 150,000 shares at an average price of $146.51, reducing their stake by 31.25%.
• The company reported $1.31 EPS for the last quarter, surpassing expectations and showing an 11.8% year-over-year revenue increase.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $161.50.

Several equities analysts have recently commented on HLNE shares. BMO Capital Markets started coverage on Hamilton Lane in a research report on Friday, October 3rd. They set an "outperform" rating and a $150.00 price objective on the stock. The Goldman Sachs Group upgraded Hamilton Lane from a "sell" rating to a "neutral" rating and raised their price target for the stock from $149.00 to $162.00 in a research report on Thursday, September 18th. Weiss Ratings upgraded Hamilton Lane from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. reduced their price target on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd.

Insiders Place Their Bets

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $146.51, for a total value of $21,976,500.00. Following the completion of the sale, the insider owned 330,015 shares in the company, valued at approximately $48,350,497.65. This trade represents a 31.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 22.21% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in Hamilton Lane by 8.6% during the second quarter. IFP Advisors Inc now owns 1,011 shares of the company's stock valued at $144,000 after purchasing an additional 80 shares in the last quarter. CWM LLC lifted its position in Hamilton Lane by 18.2% during the first quarter. CWM LLC now owns 611 shares of the company's stock valued at $91,000 after purchasing an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in Hamilton Lane by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the company's stock valued at $1,198,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in Hamilton Lane by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company's stock valued at $1,734,000 after purchasing an additional 100 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Hamilton Lane by 1.3% in the second quarter. New York State Teachers Retirement System now owns 7,980 shares of the company's stock valued at $1,134,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $117.61 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.32 and a current ratio of 4.32. Hamilton Lane has a 52-week low of $114.63 and a 52-week high of $203.72. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 22.62 and a beta of 1.20. The business's fifty day moving average is $143.55 and its 200 day moving average is $148.20.

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

Hamilton Lane Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Friday, September 19th were issued a $0.54 dividend. The ex-dividend date was Friday, September 19th. This represents a $2.16 annualized dividend and a yield of 1.8%. Hamilton Lane's dividend payout ratio (DPR) is 41.54%.

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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