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

Key Points

• Hamilton Lane has a “Moderate Buy” consensus rating from nine analysts, with six buy, two hold and one strong-buy recommendation. The average 12-month price target is $131.71, compared with a recent share price of $103.29.
• The company exceeded quarterly expectations, reporting $1.94 in adjusted earnings per share versus a $1.53 estimate and revenue of $275.33 million versus $221.94 million expected. Revenue increased 56.5% year over year.
• Insiders purchased approximately $8.1 million of company stock over the past 90 days, while Hamilton Lane authorized a $100 million share-repurchase program. The company also declared a quarterly dividend of $0.60 per share, representing a 2.3% annualized yield.

Shares of Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $131.7143.

Several brokerages have recently issued reports on HLNE. BMO Capital Markets set a $94.00 price target on shares of Hamilton Lane in a research note on Monday, July 13th. JPMorgan Chase & Co. dropped their price objective on Hamilton Lane from $166.00 to $148.00 and set an "overweight" rating on the stock in a research note on Monday, May 18th. Keefe, Bruyette & Woods increased their price objective on Hamilton Lane from $105.00 to $116.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Zacks Research raised Hamilton Lane from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group lowered their target price on Hamilton Lane from $148.00 to $128.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th.

Insider Transactions at Hamilton Lane

In other Hamilton Lane news, Chairman Hartley R. Rogers bought 38,290 shares of the business's stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $78.49 per share, for a total transaction of $3,005,382.10. Following the completion of the transaction, the chairman directly owned 93,756 shares of the company's stock, valued at $7,358,908.44. This trade represents a 69.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Andrea Anigati Kramer bought 1,283 shares of Hamilton Lane stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $77.46 per share, with a total value of $99,381.18. Following the purchase, the chief operating officer directly owned 87,350 shares of the company's stock, valued at approximately $6,766,131. This represents a 1.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 95,039 shares of company stock worth $8,100,739 over the last 90 days. 23.99% of the stock is currently owned by company insiders.

Institutional Trading of Hamilton Lane

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in Hamilton Lane by 6.0% in the 1st quarter. Royal Bank of Canada now owns 52,466 shares of the company's stock valued at $7,800,000 after buying an additional 2,948 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Hamilton Lane by 4,806.7% in the first quarter. Jones Financial Companies Lllp now owns 5,103 shares of the company's stock worth $759,000 after acquiring an additional 4,999 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Hamilton Lane by 196.9% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the company's stock worth $57,000 after acquiring an additional 254 shares during the period. First Trust Advisors LP grew its position in shares of Hamilton Lane by 26.7% in the second quarter. First Trust Advisors LP now owns 31,483 shares of the company's stock valued at $4,474,000 after purchasing an additional 6,636 shares in the last quarter. Finally, Amundi grew its position in shares of Hamilton Lane by 39,766.7% in the second quarter. Amundi now owns 2,392 shares of the company's stock valued at $347,000 after purchasing an additional 2,386 shares in the last quarter. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Price Performance

HLNE opened at $103.29 on Thursday. The firm has a market cap of $5.74 billion, a P/E ratio of 15.75 and a beta of 1.14. The firm has a 50-day moving average of $84.76 and a 200 day moving average of $97.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49. Hamilton Lane has a fifty-two week low of $71.88 and a fifty-two week high of $161.13.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.41. The firm had revenue of $275.33 million for the quarter, compared to analysts' expectations of $221.94 million. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 earnings per share. On average, research analysts expect that Hamilton Lane will post 6.95 EPS for the current year.

Hamilton Lane announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 21st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Hamilton Lane Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Monday, September 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $2.40 annualized dividend and a yield of 2.3%. Hamilton Lane's dividend payout ratio (DPR) is 36.59%.

About Hamilton Lane

Hamilton Lane is a global private markets investment management firm specializing in the full spectrum of private equity and credit strategies. The company partners with institutional investors and wealth managers to design, implement and manage customized portfolios in primary fund investing, secondary market transactions and direct co-investment opportunities. By combining investment selection, portfolio construction and ongoing monitoring, Hamilton Lane seeks to optimize risk-adjusted returns across diverse private markets exposures.

Founded in 1991, Hamilton Lane has developed a track record of investment and advisory services in private markets.

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