Brokerages Set Hamilton Lane Incorporated (NASDAQ:HLNE) PT at $133.20

Shares of Hamilton Lane Incorporated (NASDAQ:HLNE) have been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $142.20.

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $135.00 to $145.00 and gave the company a “market perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company assumed coverage on Hamilton Lane in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $156.00 price target on the stock. UBS Group raised their price target on Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. raised their price target on Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th.

Hamilton Lane Trading Up 0.2 %

Shares of NASDAQ:HLNE opened at $153.23 on Thursday. The company has a market cap of $8.28 billion, a P/E ratio of 41.53 and a beta of 1.18. The stock’s 50-day moving average is $142.41 and its 200-day moving average is $125.07. Hamilton Lane has a 52-week low of $78.66 and a 52-week high of $161.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.72 and a current ratio of 2.72.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period last year, the business posted $0.94 earnings per share. Equities research analysts predict that Hamilton Lane will post 4.88 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, September 16th. Hamilton Lane’s payout ratio is presently 53.12%.

Institutional Investors Weigh In On Hamilton Lane

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Hamilton Lane by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 3,395,427 shares of the company’s stock worth $385,177,000 after purchasing an additional 210,155 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Hamilton Lane by 60.5% during the first quarter. Orion Portfolio Solutions LLC now owns 15,001 shares of the company’s stock worth $1,691,000 after purchasing an additional 5,657 shares during the period. Evoke Wealth LLC bought a new position in Hamilton Lane during the fourth quarter worth about $4,720,000. Geneva Capital Management LLC bought a new position in Hamilton Lane during the first quarter worth about $22,395,000. Finally, Bamco Inc. NY bought a new position in Hamilton Lane during the first quarter worth about $3,076,000. 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.