Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) have been assigned an average recommendation of "Hold" from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $164.14.

A number of equities research analysts have recently weighed in on HLNE shares. JPMorgan Chase & Co. reduced their price target on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating on the stock in a research note on Tuesday. Wells Fargo & Company lowered their target price on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Oppenheimer upgraded shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price objective for the company in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 price objective on the stock. in a research note on Monday, January 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Hamilton Lane by 252.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 176 shares of the company's stock worth $26,000 after purchasing an additional 126 shares during the period. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane in the first quarter valued at $30,000. CBIZ Investment Advisory Services LLC lifted 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 valued at $43,000 after buying an additional 61 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Hamilton Lane by 283.3% during the 4th quarter. Farther Finance Advisors LLC now owns 299 shares of the company's stock worth $44,000 after acquiring an additional 221 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Hamilton Lane during the 4th quarter worth $65,000. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Stock Down 0.0 %

Shares of HLNE traded down $0.02 during mid-day trading on Friday, hitting $154.49. 416,017 shares of the company's stock were exchanged, compared to its average volume of 430,255. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane has a 52 week low of $110.90 and a 52 week high of $203.72. The company has a 50-day simple moving average of $145.43 and a 200 day simple moving average of $161.02. The company has a market cap of $8.56 billion, a PE ratio of 28.50 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The firm had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. During the same period in the previous year, the business posted $0.71 earnings per share. The company's revenue for the quarter was up 34.3% compared to the same quarter last year. On average, research analysts forecast that Hamilton Lane will post 4.97 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.49 per share. The ex-dividend date was Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.27%. Hamilton Lane's payout ratio is currently 36.16%.

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.