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

Hamilton Lane Inc. (NASDAQ:HLNE - Get Free Report) has earned a consensus recommendation of "Reduce" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $164.29.

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Oppenheimer lowered shares of Hamilton Lane from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods reduced their target price on shares of Hamilton Lane from $162.00 to $155.00 and set a "market perform" rating for the company in a report on Monday, June 2nd. Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company dropped their price target on Hamilton Lane from $166.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th.

Hamilton Lane Stock Performance

Shares of HLNE traded down $1.62 during midday trading on Friday, reaching $135.91. 905,233 shares of the stock were exchanged, compared to its average volume of 479,283. Hamilton Lane has a twelve month low of $115.08 and a twelve month high of $203.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.83 and a quick ratio of 4.83. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 25.22 and a beta of 1.25. The business's 50-day moving average price is $153.54 and its 200 day moving average price is $154.08.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $197.97 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $1.38 earnings per share. On average, sell-side analysts expect that Hamilton Lane will post 4.97 EPS for the current fiscal year.

Hamilton Lane Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a dividend of $0.54 per share. This is a boost from Hamilton Lane's previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, June 20th. Hamilton Lane's dividend payout ratio is currently 36.36%.

Institutional Investors Weigh In On Hamilton Lane

Institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of Hamilton Lane by 252.0% during the 1st 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 position in Hamilton Lane in the first quarter worth $26,000. Versant Capital Management Inc purchased a new position in Hamilton Lane in the first quarter worth $30,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in Hamilton Lane in the first quarter valued at $33,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of Hamilton Lane by 27.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

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.