Hamilton Lane Inc. (NASDAQ:HLNE) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Hamilton Lane Inc. has received a consensus recommendation of “Reduce” from analysts, with one sell rating and six hold ratings assigned by the coverage of seven research firms.
• The company's share price has decreased 3.0%, with a current market price of $147.79 and a one-year price target among analysts averaging $161.29.
• Hamilton Lane has increased its quarterly dividend from $0.49 to $0.54, reflecting a dividend yield of 1.5% and a payout ratio of 40.07%.

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has received an average rating of "Reduce" from the seven research firms that are presently covering the stock, MarketBeat Ratings 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 brokerages that have issued a report on the stock in the last year is $161.2857.

A number of brokerages have weighed in on HLNE. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $160.00 to $168.00 and gave the company a "market perform" rating in a research report on Wednesday. Morgan Stanley cut their target price on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company upped their price target on shares of Hamilton Lane from $161.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Wall Street Zen lowered shares of Hamilton Lane from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered their target price on Hamilton Lane from $153.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HLNE. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Hamilton Lane during the first quarter valued at about $432,772,000. Price T Rowe Associates Inc. MD increased its stake in Hamilton Lane by 229.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after purchasing an additional 900,283 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Hamilton Lane in the first quarter worth $112,887,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Hamilton Lane by 63.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,275,000 shares of the company's stock worth $189,555,000 after buying an additional 494,637 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Hamilton Lane by 25.3% during the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after buying an additional 388,019 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

Hamilton Lane Trading Up 1.3%

Shares of HLNE traded up $2.10 during trading hours on Friday, reaching $158.87. 174,893 shares of the company traded hands, compared to its average volume of 578,849. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 29.47 and a beta of 1.23. Hamilton Lane has a 12-month low of $124.10 and a 12-month high of $203.72. The stock's fifty day moving average price is $148.94 and its 200 day moving average price is $151.72. 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 (NASDAQ:HLNE - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.33. The business had revenue of $196.73 million for the quarter, compared to the consensus estimate of $166.96 million. Hamilton Lane had a net margin of 30.50% and a return on equity of 32.94%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. Sell-side analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current year.

Hamilton Lane Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, September 19th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Hamilton Lane's payout ratio is 40.07%.

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.