Hamilton Lane Inc. (HLNE) Sets New 1-Year High at $31.24

Hamilton Lane Inc. (NASDAQ:HLNE) shares reached a new 52-week high on Tuesday . The company traded as high as $31.24 and last traded at $31.13, with a volume of 68100 shares changing hands. The stock had previously closed at $30.97.

A number of research firms have weighed in on HLNE. Morgan Stanley lifted their price objective on shares of Hamilton Lane from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Hamilton Lane in a report on Thursday, September 28th. Finally, Zacks Investment Research cut shares of Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Hamilton Lane presently has a consensus rating of “Hold” and an average target price of $24.00.

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.12 and a quick ratio of 1.12.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $51.20 million during the quarter, compared to analysts’ expectations of $48.64 million. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. research analysts anticipate that Hamilton Lane Inc. will post 1.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.25%.

Several hedge funds have recently added to or reduced their stakes in HLNE. Wasatch Advisors Inc. purchased a new stake in shares of Hamilton Lane during the third quarter worth about $27,123,000. Vanguard Group Inc. purchased a new stake in shares of Hamilton Lane during the second quarter worth about $7,606,000. TimesSquare Capital Management LLC increased its stake in shares of Hamilton Lane by 15.7% during the second quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock worth $33,746,000 after purchasing an additional 208,240 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Hamilton Lane by 1,126.5% during the third quarter. New York State Common Retirement Fund now owns 181,522 shares of the company’s stock worth $4,874,000 after purchasing an additional 166,722 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Hamilton Lane during the first quarter worth about $2,959,000. 27.60% of the stock is owned by institutional investors and hedge funds.

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Hamilton Lane Company Profile

Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.

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