Hamilton Lane Inc. (NASDAQ:HLNE) Receives $166.43 Consensus Price Target from Analysts

Key Points

• Analysts have given Hamilton Lane Inc. a consensus recommendation of "Hold", with an average 12-month price target of $166.43.
• Institutional investors have significantly increased their stakes in Hamilton Lane, with MassMutual Private Wealth lifting their holdings by 252% and Parkside Financial Bank increasing theirs by 920%.
• The company reported an earnings per share of $1.31 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.54 per share, reflecting a 1.4% yield.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $166.4286.

Several equities analysts recently weighed in on HLNE shares. JPMorgan Chase & Co. reduced their price target on shares of Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their price objective on shares of Hamilton Lane from $161.00 to $162.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Wall Street Zen downgraded shares of Hamilton Lane from a "hold" rating to a "sell" rating in a report on Saturday. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised shares of Hamilton Lane from a "sell" rating to a "neutral" rating and upped their price objective for the company from $149.00 to $162.00 in a report on Thursday.

Insider Buying and Selling

In other Hamilton Lane news, major shareholder River 5 Ltd French sold 150,000 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $146.51, for a total transaction of $21,976,500.00. Following the sale, the insider directly owned 330,015 shares of the company's stock, valued at $48,350,497.65. This represents a 31.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hamilton Lane

A number of institutional investors and hedge funds have recently modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Hamilton Lane by 252.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after buying an additional 126 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of Hamilton Lane in the first quarter worth about $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hamilton Lane by 920.0% in the second quarter. Parkside Financial Bank & Trust now owns 204 shares of the company's stock worth $29,000 after buying an additional 184 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Hamilton Lane in the first quarter worth about $30,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Hamilton Lane in the first quarter worth about $33,000. 97.40% of the stock is owned by hedge funds and other institutional investors.

Hamilton Lane Stock Performance

HLNE traded down $1.21 during trading on Monday, hitting $149.15. 367,991 shares of the company traded hands, compared to its average volume of 368,922. The firm has a market cap of $8.30 billion, a P/E ratio of 28.68 and a beta of 1.26. The stock's fifty day moving average is $152.56 and its 200 day moving average is $150.52. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.29. Hamilton Lane has a one year low of $124.10 and a one year high of $203.72.

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

Hamilton Lane Dividend Announcement

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

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.