Hamilton Lane Incorporated (NASDAQ:HLNE) Given Average Rating of "Reduce" by Analysts

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Get Free Report) have earned an average recommendation of "Reduce" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $166.86.

Several research firms have recently weighed in on HLNE. Morgan Stanley dropped their price target on shares of Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Oppenheimer downgraded Hamilton Lane from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. Wells Fargo & Company lifted their target price on Hamilton Lane from $147.00 to $166.00 and gave the company an "equal weight" rating in a research report on Friday. 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 research 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 on the stock in a research report on Tuesday, April 29th.

Hedge Funds Weigh In On Hamilton Lane

A number of hedge funds and other institutional investors have recently bought and sold shares of HLNE. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 period. WPG Advisers LLC purchased a new stake in Hamilton Lane during the 1st quarter worth approximately $26,000. Versant Capital Management Inc purchased a new stake in Hamilton Lane during the 1st quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Hamilton Lane during the 1st quarter worth approximately $33,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in 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 buying an additional 61 shares during the period. 97.40% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Lane Trading Up 0.9%

Shares of NASDAQ HLNE traded up $1.55 during trading on Tuesday, hitting $165.41. 401,644 shares of the company were exchanged, compared to its average volume of 438,850. Hamilton Lane has a 12-month low of $114.85 and a 12-month high of $203.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.19 and a current ratio of 4.19. The company has a fifty day moving average price of $151.64 and a 200-day moving average price of $158.98. The firm has a market capitalization of $9.17 billion, a PE ratio of 30.52 and a beta of 1.31.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, March 14th. Hamilton Lane's dividend payout ratio (DPR) is 36.16%.

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.