Hamilton Lane Incorporated (NASDAQ:HLNE) Receives Consensus Recommendation of "Reduce" from Brokerages

Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $164.14.

HLNE has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced 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. Oppenheimer lowered Hamilton Lane from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Morgan Stanley reduced their target price on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods lifted their target price on Hamilton Lane from $158.00 to $168.00 and gave the company a "market perform" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their target price on Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th.

Hamilton Lane Trading Down 0.1%

Shares of HLNE opened at $172.52 on Tuesday. The business has a 50-day moving average of $149.86 and a 200 day moving average of $159.54. Hamilton Lane has a fifty-two week low of $114.85 and a fifty-two week high of $203.72. The firm has a market cap of $9.56 billion, a P/E ratio of 31.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19.

Hamilton Lane Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.14%. Hamilton Lane's dividend payout ratio (DPR) is presently 36.16%.

Institutional Trading of Hamilton Lane

A number of large investors have recently modified their holdings of HLNE. MassMutual Private Wealth & Trust FSB boosted its position 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 valued at $26,000 after acquiring an additional 126 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $26,000. Versant Capital Management Inc bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Hamilton Lane during the 1st quarter valued at about $33,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Hamilton Lane by 27.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 287 shares of the company's stock worth $43,000 after buying an additional 61 shares during the last quarter. Institutional investors own 97.40% of the company's stock.

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.

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